RackWare

Deal Snapshot

Company: RackWare, Inc.

Website: www.rackwareinc.com

Sector / Category: Cloud infrastructure software / migration / disaster recovery / multi-cloud resilience

Headquarters: San Jose, California

Founded: 2009

Investor: Frazier VC

Investment Vehicle: Seed, Series A, Convertible Note

Deal Type: Primary purchases

Company Overview

RackWare builds software that helps enterprises migrate workloads, automate disaster recovery, and manage resilience across public cloud, private cloud, and on-premise environments. Its platform is positioned around multi-cloud mobility and resilience, with automation tools designed to reduce manual work, accelerate migrations, and avoid vendor lock-in.

Public Funding / Capital Events

Jun 27, 2013 — $3M Series A RackWare raised a $3 million Series A round co-led by Kickstart Seed Fund and Osage Venture Partners. Public coverage described the company as a Santa Clara, California-based provider of cloud management software for enterprises.

Jul 9, 2014 — $2.3M financing RackWare raised $2.3 million from existing investors Kickstart Seed Fund and Osage Venture Partners. Reporting said the company had previously raised $3 million in Series A financing in 2013 and that the new capital would support product innovation and market expansion.

Sep 13, 2016 — $10M Series B RackWare closed a $10 million Series B round led by Signal Peak Ventures, with additional participation from Kickstart Seed Fund and Osage Venture Partners. The company said the financing would be used to accelerate product development and expand sales, marketing, partnerships, and customer support.

Dec 2019 — $4M debt financing Public funding trackers indicate RackWare completed a $4 million debt financing in December 2019. I did not find a clean first-party press release with full terms, so this event is best treated as publicly referenced financing rather than fully documented company-announced round detail.

Investment Summary

Frazier VC invested in RackWare, Inc. through a Seed round in April 2013, a Series A round in June 2014, and a Convertible Note in October 2019.

Why We Invested

RackWare operates in an infrastructure software category with durable demand because migration, disaster recovery, and cloud resilience remain mission-critical across complex enterprise environments. Its platform is differentiated by combining assessment, migration, and resilience workflows into a unified automation layer rather than solving only one narrow part of the problem. That creates meaningful workflow embed over time because once a company uses a platform to move and protect workloads across environments, switching becomes operationally harder and riskier. RackWare also appears to benefit from strong technical leadership and a product strategy aligned with long-term multi-cloud adoption.

Other Investors

Kickstart Seed Fund

Osage Venture Partners

Signal Peak Ventures