When was Permabit founded?

Permabit was founded in 2000 and raised its 1st funding round 5 years after it was founded.

Where is Permabit located?

Permabit is headquartered in Cambridge, United States.

How many employees does Permabit have?

As of May 31, 2026, the latest employee count at Permabit is 6.

Is Permabit a funded company?

Permabit is a funded company, having raised a total of $***** in its 1st and only funding round, a Series C round on Aug 30, 2005.

When was the latest funding round of Permabit?

Permabit's latest funding was a $***** Series C round on Aug 30, 2005, with participation from 1 investor. Its primary sector is Enterprise Storage. In United States, the Enterprise Storage sector has seen $862M in funding in 2026 to date.

Where does Permabit rank among its competitors?

Permabit ranks 117th amongst 557 active competitors, of which 53 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Keepit, which secured $90M in Jul, 2026.

Who are the top competitors of Permabit?

Permabit's top competitors include Rubrik, Veeam and Acronis. Among them, Keepit secured the most recent funding round in July, 2026.

Permabit - 2026 Company Profile, Funding & Competitors

Permabit is an acquired company based in Cambridge (United States), founded in 2000. It operates as a Cloud based storage management solution provider. Permabit has raised $12M in funding. The company has 557 active competitors, including 53 funded and 77 that have exited. Its top competitors include companies like Rubrik, Veeam and Acronis.

Company Details

Permabit is a provider of software giving efficient storage management and data reduction solution focusing on inline deduplication, compression, and thin provisioning. Permabit software can be deployed on premise, cloud or in a hybrid form. Found in 2000, it has to date 36 patents in the area of data reduction.

Website: permabit.com
Social

Key Metrics

Founded Year

2000

Location

Cambridge, United States

Stage

Acquired

Total Funding

$12M in 1 round

Latest Funding Round

Series C, Aug 30, 2005, $*****

Investors

Baker Capital

Ranked

117^th among 557 active competitors

Employee Count

6 as on May 31, 2026

Similar Companies

Qumulo & 249 more

Exit Details

Acquired by Red Hat (Jul 31, 2017)

View Permabit's full profile

Permabit got acquired by Red Hat on Jul 31, 2017.

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

Permabit has raised a total funding of $12M over 1 round. Its latest funding round was a Series C round on Aug 30, 2005 for $*****. 1 investor participated in its latest round. Permabit has 1 institutional investor.

Here is the list of recent funding rounds of Permabit:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 30, 2005	7644789	Series C	1318075	8779833	3785759	2644451

Access funding benchmarks and valuations. Sign up today!

View details of Permabit's funding rounds and investors

Permabit's employee count trend

Permabit has 6 employees as of May 26. Here is Permabit's employee count trend over the years:

Uncover Permabit's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Permabit include Rubrik, Veeam and Acronis. Here is the list of Top 10 competitors of Permabit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Rubrik 2014, Palo Alto (United States), Public	Provider of cyber resilience platform for data and identity security	$553M	Khosla Ventures, IVP & 50 others	79/100
2nd	Veeam 2006, Columbus (United States), Acquired	Provider of data resilience and cyber security solutions for enterprises	$1.04B	Insight Partners, Serengeti Asset Management ... & 4 others	78/100
3rd	Acronis 2003, Schaffhausen (Switzerland), Acquired	Provider of cyber protection solutions, including backup, disaster recovery, and cybersecurity	$658M	Goldman Sachs Investment Partners, BlackRock ... & 27 others	74/100
4th	Cohesity 2013, San Jose (United States), Series F	Cloud and AI based enterprise data backup and management solutions	$810M	Wing Venture Capital, Sequoia Capital & 54 others	72/100
5th	Qumulo 2012, Seattle (United States), Series E	Provider of an enterprise cloud storage management software	$346M	BlackRock, Allen & Company & 15 others	71/100
6th	Keepit 2002, Copenhagen (Denmark), Series B	Provider of cloud data protection and recovery for SaaS applications	$80.6M	One Peak, Danmarks Eksport og Investeringsfond ... & 4 others	68/100
7th	AvePoint 2001, Jersey City (United States), Public	Cloud based platform offering data backup and recovery solutions	$90M	Summit Partners, Herald Investment Management ... & 8 others	67/100
8th	Semperis 2013, Hoboken (United States), Series C	Provider of Active Directory and Entra ID security and recovery solutions	$368M	globalventurescapital.com, Insight Partners ... & 18 others	66/100
9th	Portworx 2014, Redwood City (United States), Acquired	Provider of a tool for developers and IT Ops to run containerized applications	$55.5M	Sapphire Ventures, Mayfield & 6 others	65/100
10th	Quantum 1980, San Jose (United States), Acquired	Provider of data management solutions designed for the AI era	-	B. Riley Financial, Kleiner Perkins & 3 others	65/100
117th	Permabit 2000, Cambridge (United States), Acquired	Cloud based storage management solution provider	$12M	Baker Capital	32/100