Rafay Systems
2024 Revenue
$25.1M(Est.)
Funding
$33M
Team
158
Founded
2017
Rafay Systems Revenue & Funding (2024)
Rafay Systems generated an estimated $25.1M in annual revenue in 2024. Source: GetLatka estimate
The Rafay Platform is the infrastructure orchestration and workflow automation platform for enterprise AI and cloud-native use cases. The Rafay Platform delivers optimal developer productivity through self-service consumption of environments and experiences, making infrastructure truly composable.With Rafay, developers and data scientists experiment faster, ship new capabilities and features quicker, reduce infrastructure waste, increase utilization and drive better business outcomes.
Last updated
Rafay Systems Revenue
In 2024, Rafay Systems's revenue reached $25.1M. The company previously reported $8.6M in 2024. Since its launch in 2017, Rafay Systems has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Rafay Systems Hit $25.1m revenue in November 2024 | zoominfo.comEstimated |
| 2024 | Rafay Systems Hit $8.6m revenue in October 2024 | Estimated |
| 2023 | Rafay Systems Hit $6.8m revenue in December 2023 | Estimated |
| 2021 | Rafay Systems Hit $3.9m revenue in April 2021 | Not recorded |
| 2017 | Launched with $0 revenue |
Rafay Systems Valuation, Funding Rounds
Rafay Systems has not publicly disclosed its valuation. The company has raised $33M in total funding to date.
Rafay Systems has raised $33M in total funding across 2 rounds, most recently a $25M Series B round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series B | $25M | - | - | Not recorded |
| 2019 | Series A | $8M | - | - | Not recorded |
Founder / CEO
Hasseb Budhani
CEO
Haseeb Budhani is the CEO and co-founder of Rafay Systems, which he co-founded in October of 2016. Prior to Rafay, Haseeb spent at a year at Akamai Technologies as the company's Vice President of Enterprise Strategy. Akamai acquired Haseeb's previous company, Soha Systems, in October 2016. Haseeb co-founded Soha in the second half of 2013and served as the company's CEO. Prior to Soha, Haseeb served as the Chief Product Officer for Infineta Systems, where he was responsible for overseeing all aspects of the company's product marketing, marketing communications and partner management activities. Prior to Infineta, Haseeb served as Vice President for NET's Broadband Technology Group, spearheading the group's product marketing, program management and business development functions. Previously, Haseeb held senior product management, marketing and engineering roles at Personal IT, Citrix Systems, Orbital Data, IP Infusion and Oblix. Haseeb holds an MBA from UC Berkeley’s Haas School of Business and a B.S. in Computer Science from the University of Southern California.
Rafay Systems Employees & Team Size
Rafay Systems employs approximately 158 people as of 2026, up from 142 in 2023, including 4 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 158 employees (December 2024) | Not recorded |
| 2024 | Reached 142 employees (October 2024) | Not recorded |
| 2023 | Reached 142 employees (December 2023) | Not recorded |
| 2022 | Reached 154 employees (December 2022) | Not recorded |
| 2021 | Reached 99 employees (December 2021) | Not recorded |
| 2021 | Reached 57 employees (August 2021) | Not recorded |
| 2021 | Reached 47 employees (April 2021) | Not recorded |
Frequently Asked Questions about Rafay Systems
What is Rafay Systems's revenue?
As of 2024, Rafay Systems generated an estimated $25.1M in annual revenue.
Who founded Rafay Systems?
Rafay Systems was founded by Hasseb Budhani.
When was Rafay Systems founded?
Rafay Systems was founded in 2017.
Who is the CEO of Rafay Systems?
The CEO of Rafay Systems is Hasseb Budhani.
How much funding does Rafay Systems have?
Rafay Systems raised $33M across 2 rounds.
How many employees does Rafay Systems have?
As of 2024, Rafay Systems had 158 employees.
Where is Rafay Systems headquartered?
Rafay Systems is headquartered in Sunnyvale, California, United States.
Compare Rafay Systems to the industry
Rafay Systems operates across multiple industries. Browse revenue, funding, and growth data for Rafay Systems in each sector below.
Data and Sources
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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