Rackspace Technology

Where enterprise AI runs and outcomes scale.

Founded 1998

San Antonio, United States 7147 employees IPO Total: $5.29B Big Data, Cloud Infrastructure +2

Rackspace Technology, founded in 1998, is a prominent player in the Big Data, Cloud Infrastructure, Computing, and Information Technology sectors. Headquartered in the United States, the company is committed to helping enterprises realize the full potential of the cloud. Its comprehensive services include designing, building, and managing cloud environments across all major technology platforms.

By partnering with clients at each stage of their cloud journey, Rackspace Technology aids in the modernization of applications, the creation of new products, and the adoption of cutting-edge technologies. This adaptability and client-focused approach underscore its reputation as a leader in end-to-end hybrid cloud and AI solutions.

In its latest financial move, the company secured a $275.00M Post IPO Debt investment on 01 March 2024. This investment demonstrates continued investor confidence and positions Rackspace Technology to further enhance its capabilities and expand its market reach.

Funding Stage	Amount	Investors	Lead Investors	Date
Post-IPO Debt	$275.00M	-		01 Mar 2024
IPO	$703.00M	-		01 Aug 2020
Growth Equity VC	Undisclosed	2	ABRY Partners, Accel-KKR	01 Sep 2017
Acquisition	$4.30B	1	Apollo Global Management	01 Aug 2016
IPO	Undisclosed	-		01 Aug 2008
Early VC	$11.50M	1	Sequoia	01 Apr 2000

Funding Stage

Amount

Investors

Lead Investors

Date

Post-IPO Debt

$275.00M

01 Mar 2024

IPO

$703.00M

01 Aug 2020

Growth Equity VC

Undisclosed

ABRY Partners, Accel-KKR

01 Sep 2017

Acquisition

$4.30B

Apollo Global Management

01 Aug 2016

IPO

Undisclosed

01 Aug 2008

Early VC

$11.50M

Sequoia

01 Apr 2000

FAQ About Rackspace Technology

Where enterprise AI runs and outcomes scale.

Rackspace Technology was founded in 1998.

Rackspace Technology is headquartered in San Antonio, United States.

Rackspace Technology operates in Big Data, Cloud Infrastructure, Computing and Information Technology. Its work centres on Hybrid Cloud Solutions, AI Solutions, Cloud Environment Management and Application Modernization. Its customers include Financial Services, Healthcare and Government.

Rackspace Technology has a B2B, IaaS and PaaS business model. Its revenue comes from Service Fee, Usage Based and Consulting Fee.

Rackspace Technology has approximately 7147 employees.

Rackspace Technology has completed 6 funding rounds, raising a total of $5.29B. The latest funding stage is IPO.

Rackspace Technology offers: Cloud Adoption and Migration, Rackspace Elastic Engineering, Application Modernization, FAIR AI Solutions, Cyber Security & Resilience.

Top alternatives and competitors to Rackspace Technology include Carbon60, Trianz, Orca Security, Miracle Software Systems, Inc, PQR | Rustmakers in IT. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Rackspace Technology and Carbon60 are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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FAQ About Rackspace Technology