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Developer of an enterprise-grade hybrid cloud management software designed to provide IT resiliency and simplified migration to the cloud. The company's software provides agility in a multi-cloud environment, with rapid deployment, a quick time-to-value, lowering IT expenses while still optimizing application performance, enabling clients to offer greater availability and flexibility for enterprise IT users, and reduced costs for enterprise IT providers.
Last updated
In 2024, RackWare's revenue reached $10.5M. The company previously reported $6M in 2023. Since its launch in 2009, RackWare has shown consistent revenue growth.
RackWare has not publicly disclosed its valuation. The company has raised $15.3M in total funding to date.
RackWare has raised $15.3M in total funding across 3 rounds, with its most recent round in 2016.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2016 | Funding round | $10M | - | - | |
| 2014 | Funding round | $2.3M | - | - | |
| 2013 | Funding round | $3M | - | - |
CEO
CEO with 20+ years of industry experience developing and delivering software at some of the world’s largest and most successful companies. Proven ability to both hire and grow top talent, leading large teams across the globe - San Francisco Bay Area, Vancouver, Vienna, Budapest, Bangalore, Pune and Chennai.
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
RackWare serves 400 customers.
RackWare employs approximately 50 people as of 2026, down from 61 in 2023. It serves 400 customers that rely on its solutions.
RackWare generates an estimated $10.5M in annual revenue.
RackWare was founded by Bryan Gobbett.
The CEO of RackWare is Bryan Gobbett.
RackWare raised $15.3M across 3 rounds.
RackWare has 50 employees.
RackWare is headquartered in San Jose, California, United States.
RackWare operates across multiple industries. Browse revenue, funding, and growth data for RackWare in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$10.5M(Est.)
Customers
400
Funding
$15.3M
Avg ACV
$26.3K
Team
50
Founded
2009
| Year | Milestone | Source |
|---|---|---|
| 2024 | RackWare Hit $10.5m revenue in October 2024 | Estimated |
| 2023 | RackWare Hit $6m revenue in December 2023 | Estimated |
| 2021 | RackWare Hit $4.5m revenue in April 2021 | |
| 2009 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 50 employees (December 2024) | |
| 2024 | Reached 61 employees (October 2024) | |
| 2023 | Reached 61 employees (December 2023) | |
| 2022 | Reached 58 employees (December 2022) | |
| 2021 | Reached 55 employees (December 2021) | |
| 2021 | Reached 62 employees (April 2021) |
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