Rackspace - About the company
Rackspace is a public company based in San Antonio (United States), founded in 1998 by Pat Condon and Richard Yoo. It operates as a Provider of multicloud solutions, AI, data, and cybersecurity and resilience. Rackspace has raised $17.8M in funding. The company has 2567 active competitors, including 107 funded and 243 that have exited. Its top competitors include companies like Crayon, Megazone Cloud and Mission.
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
Ranked
1st among 2567 active competitors
Annual Revenue
$2.69B as on Dec 31, 2025
Employee Count
7,147 as on May 31, 2026
Similar Companies
Exit Details
Public
Legal entities associated with Rackspace
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 | $2.69B (As on Dec 31, 2025) | 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's IPO details
Rackspace got listed on Aug 05, 2020.
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Rackspace's funding and investors
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:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 03, 2016 | 8929030 | Post IPO | 7347434 | 4825400 | 5695875 | 2133636 |
Nov 2015 | 4705090 | Conventional Debt | 4543572 | 1878247 | 1829159 | 5690271 |
Apr 03, 2000 | 5476948 | Series B | 7834519 | 6374803 | 5231270 |
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Rackspace's founders and board of directors
Founder? Claim ProfileThe 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: Co-Founder of Rackspace and founder of 2 other companies, Hush Labs and serverbeach.co.uk. They are also an angel investor in 1 startup.Contact Info: 1 email address
View details of Rackspace's Founder profiles and Board Members
Rackspace's employee count trend
Rackspace has 7,147 employees as of May 26. Here is Rackspace's employee count trend over the years:
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Rackspace's Competitors and alternates
Top competitors of Rackspace include Crayon, Megazone Cloud and Mission. Here is the list of Top 10 competitors of Rackspace, ranked by Tracxn score:
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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 | 73/100 | |
2nd | Provider of software asset management, volume licensing, and cloud migration services | $12M | 67/100 | ||
3rd |  Megazone Cloud 2018, Seoul (South Korea), Series C | Provider of cloud computing services | $515M | 64/100 | |
4th |  Mission 2001, Los Angeles (United States), Acquired | AWS cloud and AI services provider, optimizing cloud investments | $107M | 63/100 | |
5th | Provider of data & cloud management, AI integration, and managed IT services | $60M | 62/100 | ||
6th | _1560405808857.png?devicePixelRatio=2&height=30&width=30){kind=logo} Tetrate 2017, San Francisco (United States), Series B | Provides cloud services | $52.5M | 61/100 | |
7th | Enterprise Information System provider | $2.42M | 61/100 | ||
8th | Cloud advisory, automation, and management services | $23.7M | 60/100 | ||
9th | Logicworks 1993, New York City (United States), Acquired | Managed cloud and DevOps automation services | $7.6M | 58/100 | |
10th |  Netgain 2000, Saint Cloud (United States), Acquired | IT service provider | $50M | 57/100 |
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Rackspace's Investments and acquisitions
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
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Aug 31, 2022 | Acquisition | 2013 | Bogota (Colombia) | |
Jan 18, 2022 | Acquisition | 2009 | Singapore (Singapore) | |
Apr 29, 2021 | Investments | 2013 | San Jose (United States) |
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Reports related to Rackspace
Here is the latest report on Rackspace's sector:
News related to Rackspace
Filter this listMedia has covered Rackspace for a total of 40 events in the last 1 year, 17 of them have been about company updates and 8 about partnerships.
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Rubrik and Rackspace Launch UK Sovereign Cyber Recovery CloudGlobeNewswire•Mar 18, 2026•Rackspace, Rubrik
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Rackspace Technology Reports Fourth Quarter and Full Year 2025 ResultsGlobeNewswire•Feb 26, 2026•Rackspace
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Rackspace & Palantir Partner to Operate Foundry & AIP in Production with Managed OperationsGlobeNewswire•Feb 19, 2026•Rackspace, Palantir
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Joseph Vito Joins Rackspace Technology to Lead Strategic Alliance PartnershipsGlobeNewswire•Jan 27, 2026•Rackspace
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Rackspace Email:Customers face "devastating" price hike as Rackspace plans a 706% increase.Ars Technica•Jan 17, 2026•Rackspace
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Rackspace Technology Secures VMware Sovereign Cloud Partner StatusGlobeNewswire•Jan 16, 2026•Rackspace
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Rackspace Technology Named a Leader in Three Categories of ISG Report 2025GlobeNewswire•Dec 16, 2025•Rackspace
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