Carbonite

Carbonite

Carbonite is a leading provider of cloud and hybrid business continuity solutions for small and midsized businesses. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD201520162017201820192020
Revenues--239m296m--
% growth---24 %--
EBITDA--4.0m30.0m137m154m
% EBITDA margin--2 %10 %--
Profit--(4.0m)7.0m(28.0m)(3.0m)
% profit margin--(2 %)2 %--
R&D budget28.6m37.4m48.4m61.6m--
R&D % of revenue--20 %21 %--

Source: Dealroom estimates

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DateInvestorsAmountRound
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N/A

-

$2.5m

Series A

$3.5m

Series A

$15.0m

Series B

$5.0m

Series B

$5.2m

Series B

$20.0m

Series C

$20.0m

Series D
N/A

N/A

Seed
N/A

N/A

IPO
N/A

$125m

Post IPO Equity

$1.4b

Valuation: $1.4b

4.8x EV/LTM Revenues

47.3x EV/LTM EBITDA

Acquisition
Total Funding€64.7m

Recent News about Carbonite

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More about Carboniteinfo icon
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Carbonite, a part of the OpenText Cybersecurity family since its acquisition in December 2019, specializes in providing cyber resilient data protection solutions. The company offers continuous, automatic backup services that operate seamlessly in the background, safeguarding personal and business data from common forms of data loss, including cyberattacks and accidental deletions. Carbonite serves a diverse clientele ranging from home users to managed service providers and businesses of all sizes. Operating in the cybersecurity market, Carbonite's business model revolves around subscription-based services, generating revenue through recurring fees for its backup and recovery solutions. The company's products are designed to minimize downtime by enabling quick data recovery and threat investigation, thereby reducing business and financial risks. Carbonite's solutions are particularly valuable in a landscape where security risks are escalating and cyber threats are constantly evolving. The company emphasizes multi-vector protection to ensure comprehensive security for its users.

Keywords: cyber resilience, data protection, automatic backup, recovery solutions, cybersecurity, subscription services, threat intelligence, multi-vector protection, downtime minimization, OpenText.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Carbonite

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Webroot
ACQUISITION by Carbonite Feb 2019
Double-Take Software
ACQUISITION by Carbonite Jan 2017
Phanfare
ACQUISITION by Carbonite Jun 2011
Mozy
ACQUISITION by Carbonite Feb 2018
EVault
ACQUISITION by Carbonite Dec 2015
Datacastle
ACQUISITION by Carbonite Aug 2017
MailStore
ACQUISITION by Carbonite Dec 2014