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Rhapsody Networks

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Intelligent storage networking products for enterprise information management

Fremont, United StatesFounded 2000Other B2B Software
Valuation $250–500M Last recorded · 2001
Total funding $50–100M Disclosed equity funding
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About Rhapsody Networks

Rhapsody Networks was a provider of intelligent storage networking products designed to lower the complexity and cost of managing corporate information. The company was founded in 2000 and secured $12.3 million in a Series A funding round in June of the same year, followed by a Series B round in August 2001. In total, the company raised $63.6 million from investors including Accel Management Company, Amerindo Investment Advisors, and Oracle.

The core of Rhapsody's offering was its XPath technology, a multiprotocol architecture that converted between Fibre Channel and IP protocols. This platform was developed to provide high performance, scalability, and simplified administration for advanced storage services, independent of specific storage hardware, protocols, or host applications. The products included Storage Application Directors, which were high-port-count switching devices with embedded software intelligence for tasks like virtualization, capacity management, and provisioning. The technology offered APIs for developers to create applications for fabric-based volume management, remote data mirroring, and data replication across different vendor arrays without involving the application server.

In January 2003, Brocade Communication Systems acquired Rhapsody Networks for approximately $175 million in stock. The acquisition was a strategic move by Brocade to integrate Rhapsody's intelligent switch technology into its product line to better compete with rivals like Cisco. Following the acquisition, Brocade planned to operate Rhapsody as a separate division and integrate its technology, with the first applications expected by the end of 2003.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2000
Headquarters
Fremont, United States
Open positions
None listed
Dealroom signal
19.7/100
Industry
Enterprise Software
Sector
Other B2B Software, Information Technology
Business model
SaaS
Client focus
b2b
Links
Website

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Jan 2003 $0 — Brocade Communications Systems —
SERIES BOther financing Sep 2001 $50M $200M Sequoia · Morgan Stanley —
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Growth signals

Rhapsody Networks website traffic

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Investments and acquisitions

Capital deployed

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Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

Other known investors1 additional known investor

  • Brocade Communications Systems
Team profiled 1 named & role-tagged
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Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Fremont HQ
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Market sentiment

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