When was Nishan Systems founded?

Nishan Systems was founded in 1998 and raised its 1st funding round 1 year after it was founded.

Where is Nishan Systems located?

Nishan Systems is headquartered in San Jose, United States.

Is Nishan Systems a funded company?

Nishan Systems is a funded company, having raised a total of $80M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 1999.

When was the latest funding round of Nishan Systems?

Nishan Systems' latest funding was a $***** Conventional Debt round on Dec 14, 2001, with participation from 1 investor. Its primary sector is Enterprise Storage. In United States, the Enterprise Storage sector has seen $847M in funding in 2026 to date.

Where does Nishan Systems rank among its competitors?

Nishan Systems ranks 11th amongst 40 active competitors, of which 3 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was DDN, which secured $300M in Jan, 2025.

Who are the top competitors of Nishan Systems?

Nishan Systems' top competitors include DDN, Incipient and Coraid. Among them, DDN secured the most recent funding round in January, 2025.

Nishan Systems - 2026 Company Profile, Funding & Competitors

Q: Is Nishan Systems an acquired company?

Nishan Systems got acquired by McData on Aug 25, 2003.

Nishan Systems is an acquired company based in San Jose (United States), founded in 1998. It operates as an IP storage networking solutions. Nishan Systems has raised $80M in funding. The company has 40 active competitors, including 3 funded and 17 that have exited. Its top competitors include companies like DDN, Incipient and Coraid.

Company Details

Nishan Systems develops switches and adapters based on Internet protocol (IP) and gigabit Ethernet that enable large blocks of data to be transferred between servers and storage devices. It provides storage networking solutions to connect storage and network known as SOIP (Storage over IP). The acquisition of Nishan accelerates McDATA's vision as well as the time to market of IP solutions and inter-networking capabilities.

Key Metrics

Founded Year

1998

Location

San Jose, United States

Stage

Acquired

Total Funding

$80M in 4 rounds

Latest Funding Round

Conventional Debt, Dec 14, 2001, $*****

Investors

Dell & 9 more

Ranked

11^th among 40 active competitors

Similar Companies

DDN & 53 more

Exit Details

Acquired by McData (Aug 25, 2003)

View Nishan Systems' full profile

Nishan Systems got acquired by McData on Aug 25, 2003 at an acquisition amount of $*****.

Click here to take a look at Nishan Systems's acquisition in detail

Nishan Systems has raised a total funding of $80M over 4 rounds. Its first funding round was on May 1999. Its latest funding round was a Conventional Debt round on Dec 14, 2001 for $*****. 1 investor participated in its latest round. Nishan Systems has 10 institutional investors.

Here is the list of recent funding rounds of Nishan Systems:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 14, 2001	3353686	Conventional Debt	4748188	3811446	8305756	9183751
Sep 18, 2000	9017646	Series C	8186543	2312354	9082052	Oracle & 2 more
Dec 1999	8608623	Series B	8240830	2531654	6141058	1885055

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Top competitors of Nishan Systems include DDN, Incipient and Coraid. Here is the list of Top 10 competitors of Nishan Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	DDN 1998, Chatsworth (United States), Series B	Platform offering big data and HPC storage appliances for businesses	$310M	Blackstone, ClearLight Partners & 3 others	75/100
2nd	Incipient 2001, Waltham (United States), Series E	Enterprise Data Storage	$94.7M	QuestMark Partners, HLM Venture Partners & 7 others	44/100
3rd	Coraid 2000, Redwood City (United States), Acquired	Simple, high-performance, and inexpensive storage area network (SAN) solutions	$99.9M	Crosslink Capital, AllegisCyber Capital & 5 others	43/100
4th	Atto 1988, New York City (United States), Acquired	Enterprise storage area network solutions provider	$3M	Emerging Technology Partners	42/100
5th	Sanera 2000, Sunnyvale (United States), Acquired	Los Angeles telecommunications contractor providing cabling, electrical, and network solutions	$73.3M	Western Technology Investment, Enterprise Partners Venture Capital ... & 8 others	40/100
6th	QLogic 1994, Aliso Viejo (United States), Acquired	Innovating essential technology solutions for data infrastructure, networking, and compute	-	Saints Capital, Western Technology Investment ... & 1 others	40/100
7th	Chelsio 1997, Sunnyvale (United States), Series F	Provider of high-performance Ethernet adapters and ASICs for networking solutions	$79M	Invesco, Investor & 16 others	39/100
8th	Compellent 2002, Eden Prairie (United States), Acquired	Enterprise network storage solutions	$29.3M	Rally Ventures, Nomura & 6 others	39/100
9th	Equallogic 2001, Nashua (United States), Acquired	Storage area network systems	$47M	Birch Hill Equity Partners, Focus Ventures ... & 3 others	39/100
10th	Lefthand Networks 1999, Boulder (United States), Acquired	Platform offering storage area networks solutions	$50.5M	UBS, Appian Ventures & 13 others	37/100
11th	Nishan Systems 1998, San Jose (United States), Acquired	IP storage networking solutions	$80M	Dell, Western Technology Investment & 8 others	36/100