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Valuation

$5.6M

2021 Revenue

$592K

Funding

$1M

Team

7

Founded

2017

How racksnet CEO Nauman Basit grew racksnet to $592K revenue with a 7 person team in 2021.

racksnet company profile, revenue, valuation, funding, team size, customer count, churn, and founder data.

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racksnet Revenue

In 2021, racksnet's revenue reached $592K. Since its launch in 2017, racksnet has shown consistent revenue growth.

racksnet Revenue GrowthReported revenue / ARR by year$0$125K$250K$375K$500K$625K20172018201920202021$0$592KSource: GetLatka.com
YearMilestone
2021racksnet Hit $592k revenue in April 2021
2017Launched with $0 revenue

racksnet Valuation, Funding Rounds

racksnet reached a $5.6M valuation in 2019, set during its Series A round.

racksnet has raised $1M in total funding across 1 round, most recently a $1M Series A round in 2019.

racksnet Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$1M$3M$4M$5M$6M2017201820192017 cumulative: $0 • 2017 Founded: $02019 cumulative: $1M • 2017 Founded: $0 • 2019 Series A: $1M @ $6M valuation$1M2017 Founded: $0 valuation2019 Series A: $6M valuation$6MSource: GetLatka.com
YearRoundAmountValuation% Sold
2019Series A$1M$5.6M18%

racksnet Employees & Team Size

racksnet employs approximately 7 people as of 2026.

racksnet has 7 total employees in different roles and functions and 1 sales reps that carry a quota.

racksnet Team GrowthReported headcount over time023568201720182019202020210077Source: GetLatka.com
YearMilestone
2021Reached 7 employees (April 2021)

Founder / CEO

Nauman Basit

Nauman Basit is listed as Founder / CEO at racksnet.

Q&A

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Customers

We do not have customer count information for racksnet yet.

Frequently Asked Questions about racksnet

What is racksnet's revenue?

racksnet generates $592K in revenue.

Who founded racksnet?

racksnet was founded by Nauman Basit.

Who is the CEO of racksnet?

The CEO of racksnet is Nauman Basit.

How much funding does racksnet have?

racksnet raised $1M.

How many employees does racksnet have?

racksnet has 7 employees.

Where is racksnet headquarters?

racksnet is headquartered in Germany.

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Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .