Coraid, Inc.
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| Private | |
| Industry | Data Storage |
| Founded | 2000 |
| Founder | Brantley Coile |
| Defunct | 2015 |
| Headquarters | Redwood City, California, U.S. |
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Key people
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CEO: Dave Kresse CTO: Brantley Coile |
| Products | EtherDrive SRX, EtherDrive VSX, EtherFlash, EtherCloud, NAS, AoE, SAN |
| Website | www |
Coraid, Inc. was a computer data storage vendor that provided storage area network (SAN) products that used Ethernet, headquartered in Redwood City, California.
The company was founded by Brantley Coile, who previously worked on the Cisco PIX firewall and Cisco LocalDirector products. Coile began the research and development phase of the company in 2000 after leaving Cisco Systems, and developed the ATA over Ethernet (AoE) protocol, which enables storage networking using raw Ethernet frames for transport.
The company began selling its EtherDrive family of storage arrays in 2004. The open AoE protocol was released to the Linux community, and included in the Linux kernel since 2005, starting with version 2.6.11.
Coraid was backed with a total of $114.3 million in funding. The company received a first, $10 million round of institutional financing from two venture capital funds in January 2010, at the same time introducing new management and an advisory board. The company also moved its headquarters to Redwood City, CA early in 2010. Coraid secured an additional $25 million in Series B funding in November 2010, followed by a third round of $50M in November 2011. In December 2013 the company received its final round of $29.3M.
The company website said they had more than 1,700 customers in sectors including media, hosting service providers, telecommunications, healthcare, aerospace, manufacturing, and government.
On January 15, 2015 The Register reported of sources saying the company had shut its doors, but support calls were still being taken. The CEO acknowledged a funding shortfall; however, there has been no official shut down announcement as of January 23, 2015.
On January 23, 2015, the company sent mass emails to partners and customers stating that it was no longer taking orders, taking support calls, or honoring return requests.
On April 15, 2015, the company was foreclosed, and all assets and intellectual property became the property of the primary debt holder.
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Wikipedia