When was Rackspace founded?

Rackspace was founded in 1998 and raised its 1st funding round 2 years after it was founded.

Where is Rackspace located?

Rackspace is headquartered in San Antonio, United States. It is registered at Windcrest, Texas.

How many employees does Rackspace have?

As of Jan 12, 2026, the latest employee count at Rackspace is 7240.

Is Rackspace a funded company?

Rackspace is a funded company, having raised a total of $17.8M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 10, 2000.

When was the latest funding round of Rackspace?

Rackspace's latest funding was a $***** Post IPO round on Nov 03, 2016, with participation from 1 investor.

What is the annual revenue of Rackspace?

Annual revenue of Rackspace is $1.05B as on Dec 31, 2024.

Where does Rackspace rank among its competitors?

Rackspace ranks 1st amongst 2515 active competitors, of which 104 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was CloudMile, which secured $20M in Nov, 2025.

Who are the top competitors of Rackspace?

Rackspace's top competitors include Crayon, Megazone Cloud and Mission. Among them, CloudMile secured the most recent funding round in November, 2025.

Rackspace - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of multicloud solutions, AI, data, and cybersecurity and resilience. The company delivers cloud adoption and migration, application modernization, and data management. It offers services such as consulting, professional services, and managed services. The company provides solutions across various platforms, including cloud, email, and applications.

Website: www.rackspace.com/
Registered Address: Windcrest, Texas

Key Metrics

Founded Year

1998

Location

San Antonio, United States

Stage

Public

Total Funding

$17.8M in 4 rounds

Latest Funding Round

Post IPO, Nov 03, 2016, $*****

Investors

RocketSpace & 13 more

Ranked

1^st among 2515 active competitors

Annual Revenue

$1.05B as on Dec 31, 2024

Employee Count

7,240 as on Jan 12, 2026

Investment & Acquisitions

Precia & 22 more

Similar Companies

Engineering Ingegneria Informatica & 23 more

Exit Details

Public

View Rackspace's full profile

Rackspace is associated with 8 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
RACKSPACE TECHNOLOGY, INC. CIN: 1810019 , United States, Active	Jul 20, 2016	$1.05B (As on Dec 31, 2024)	6800 (As on Dec 31, 2022)	-
Rackspace Germany GmbH CIN: D2601_HRB225967 , Germany, Active	May 27, 2016	-	-
Rackspace Us, Inc. CIN: 20201675630 , United States, Active	Aug 03, 2020	-	-	-
Rackspace International GmbH CIN: 1053122 , Switzerland, Active	Mar 18, 2024	-	-	-
Rackspace Technology Belgium CIN: 0783.792.662 , Belgium, Active	Mar 24, 2022	-	-	-
RACKSPACE US, INC. CIN: 742900680 , United States, Active	Dec 31, 1999	-	1650 (As on Dec 31, 2024)	-
RACKSPACE INDIA PRIVATE LIMITED CIN: U72200KA2013FTC071880 , India, Active	Nov 14, 2013	$3.09M (As on Mar 31, 2025)	-
RACKSPACE TECHNOLOGY, INC. CIN: 6103612 , United States, Active	Jul 21, 2016	-	5800 (As on Dec 31, 2023)	-

Rackspace got listed on Aug 05, 2020.

Click here to take a look at Rackspace's IPO in detail

Rackspace has raised a total funding of $17.8M over 4 rounds. Its first funding round was on Jan 10, 2000. Its latest funding round was a Post IPO round on Nov 03, 2016 for $*****. 1 investor participated in its latest round. Rackspace has 14 institutional investors.

Here is the list of recent funding rounds of Rackspace:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 03, 2016	3998461	Post IPO	2009037	7919457	6280130	9948409
Nov 2015	9230368	Conventional Debt	8714467	8184271	1076455	1330914
Apr 03, 2000	5892783	Series B	2054398	7329454	1600026	Sequoia Capital & 2 more

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View details of Rackspace's funding rounds and investors

The founders of Rackspace are Pat Condon and Richard Yoo.

Here are the details of Rackspace's key team members:

Pat Condon: Co-Founder of Rackspace. They are also an angel investor in 4 startups.
Richard Yoo: Founder of Rackspace and founder of 2 other companies, serverbeach.co.uk and Hush Labs. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Lanham Napier: Co-Founder & CEO of Rackspace.
Kevin Jones: CEO of Rackspace.
Contact Info: 2 email addresses

View details of Rackspace's Founder profiles and Board Members

Rackspace's employee count trend

Rackspace has 7,240 employees as of Jan 26. Here is Rackspace's employee count trend over the years:

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Top competitors of Rackspace include Crayon, Megazone Cloud and Mission. Here is the list of Top 10 competitors of Rackspace, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Rackspace 1998, San Antonio (United States), Public	Provider of multicloud solutions, AI, data, and cybersecurity and resilience	$17.8M	RocketSpace, Sequoia Capital & 12 others	71/100
2nd	Crayon 2002, Oslo (Norway), Acquired	Provider of software asset management, volume licensing, and cloud migration services	$12M	Pratithi Investments, Softline & 4 others	65/100
3rd	Megazone Cloud 2018, Seoul (South Korea), Series C	Provider of cloud computing services	$515M	JKL Partners, Kakao Investment & 17 others	63/100
4th	Mission 2001, Los Angeles (United States), Acquired	AWS cloud and AI services provider, optimizing cloud investments	$107M	Great Hill Partners, SVB Equity Capital	62/100
5th	CloudMile 2017, Singapore (Singapore), Series D	Provider of data & cloud management, AI integration, and managed IT services	$60M	Multi Venture Capital, Taiwan Mobile & 4 others	62/100
6th	Netgain 2000, Saint Cloud (United States), Acquired	IT service provider	$50M	Bluff Point Associates	61/100
7th	Tetrate 2017, San Francisco (United States), Series B	Provides cloud services	$52.5M	Sapphire Ventures, Scale Venture Partners ... & 15 others	61/100
8th	Logicworks 1993, New York City (United States), Acquired	Managed cloud and DevOps automation services	$7.6M	Seaport Capital, Pamplona Capital Management	59/100
9th	Ukcloud 2012, Farnborough (United Kingdom), Acquired	Entity offering domain name for sale via email contact only	$64.8M	Digital Alpha Advisors, BGF & 27 others	59/100
10th	Nordcloud 2011, Helsinki (Finland), Acquired	Cloud advisory, automation, and management services	$23.7M	Finnvera, OP Corporate Bank & 3 others	59/100

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Rackspace has made 10 investments in companies including Platform9 and Tenfold. Rackspace has also acquired 13 companies including Precia and Just Analytics.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 31, 2022	Acquisition	Precia	2013	Bogota (Colombia)
Jan 18, 2022	Acquisition	Just Analytics	2009	Singapore (Singapore)
Apr 29, 2021	Investments	Platform9	2013	San Jose (United States)