C
Coraid
Storage solutions for cloud service providers and enterprises
About Coraid
Coraid is a technology company specializing in innovative storage solutions for businesses. Their flagship product, the Coraid EtherDrive SAN (Storage Area Network), offers a cost-effective and scalable storage system that mimics the flexibility of cloud storage without the unpredictable monthly fees. Instead, clients pay a fixed upfront cost, making budgeting more straightforward and economical.
Coraid's EtherDrive SAN can expand indefinitely by adding more EtherDrive Media Arrays, each capable of housing between sixteen to thirty-six drive bays. This allows businesses to scale their storage needs seamlessly as they grow. The most cost-efficient model, the SRX3641, provides high performance with the ability to handle over 500,000 I/O operations per second and throughput between four 10GbE ports.
The company primarily serves IT professionals and businesses that require robust, scalable, and cost-effective storage solutions. These clients span various industries, including technology, finance, healthcare, and more. Coraid operates in the enterprise storage market, competing with other storage solution providers but differentiating itself through its unique pricing model and scalability.
Coraid's business model revolves around selling hardware (EtherDrive Media Arrays) and providing ongoing support and services. By offering a fixed-cost solution, Coraid ensures predictable expenses for its clients, which is a significant advantage over traditional cloud storage services that charge based on usage.
The company was founded by Brantley Coile, a seasoned programmer who has been in the industry since the 1970s. The Coraid team comprises skilled coders and creatives dedicated to simplifying complex storage challenges for IT professionals, making their lives easier and more efficient.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2000
- Headquarters
- Redwood City, United States
- Employees
- 8
- Open positions
- None listed
- Dealroom signal
- 58.4/100
- Industry
- Energy
- Sector
- Energy, Cloud Storage, Architecture, Hard Tech
- Client focus
- b2b
- Investment activity
- 1 company, latest Oct 2011
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Aug 2016 | $0 | — | South Suite Software | — |
| SERIES COther financing | Dec 2013 | $29M | $117M | AllegisCyber Capital | — |
Growth signals
Latest recorded traffic for Coraid is 2.1K monthly website visits, up 90.9% over the last three months. Coraid's team grew 0% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
Azure Capital Partners
AllegisCyber Capital
Menlo Ventures
Series B and later1 investor entered at this stage
Other known investors1 additional known investor
South Suite Software
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Coraid on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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