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.

Who is the current CEO of Rackspace?

Jonathan Ramaci of Rackspace. They have also founded 1 company.

How many employees does Rackspace have?

As of Aug 31, 2026, the latest employee count at Rackspace is 6833.

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 more than $1B as on Dec 31, 2025

Where does Rackspace rank among its competitors?

Rackspace ranks 1st amongst 2742 active competitors, of which 104 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Kingdee, which secured $200M in Dec, 2023.

Who are the top competitors of Rackspace?

Rackspace's top competitors include Crayon, Megazone Cloud and Mission. Among them, Kingdee secured the most recent funding round in December, 2023.

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

Rackspace is a public company based in San Antonio (United States), founded in 1998 by Pat Condon, Richard Yoo and Jonathan Ramaci. It operates as a Provider of multicloud solutions, AI, data, and cybersecurity and resilience. Rackspace has raised $17.8M in funding. The company has 2742 active competitors, including 104 funded and 239 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

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

Investors

Red Hat & 13 more

Ranked

1^st among 2742 active competitors

Annual Revenue

$1B+ as on Dec 31, 2025

Employee Count

6,833 as on Aug 31, 2026

Investment & Acquisitions

Precia & 22 more

Similar Companies

Crayon & 3402 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: 6103612 , United States, Active	Jul 21, 2016	-	5800 (As on Dec 31, 2023)	-
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 Germany GmbH CIN: D2601_HRB225967 , Germany, Active	May 27, 2016	-	-
RACKSPACE TECHNOLOGY, INC. CIN: 1810019 , United States, Active	Jul 20, 2016	$1B+ (As on Dec 31, 2025)	6800 (As on Dec 31, 2022)	-
RACKSPACE INDIA PRIVATE LIMITED CIN: U72200KA2013FTC071880 , India, Active	Nov 14, 2013	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
RACKSPACE US, INC. CIN: 742900680 , United States, Active	Dec 31, 1999	-	1650 (As on Dec 31, 2024)	-

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	6600508	Post IPO	6946862	1243578	7280355	1883680
Nov 2015	4061338	Conventional Debt	7567807	9684011	3670813	8461828
Apr 03, 2000	6425776	Series B	7132638	3017135	7652741	Sequoia Capital & 2 more

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View details of Rackspace's funding rounds and investors

The founders of Rackspace are Pat Condon, Richard Yoo and Jonathan Ramaci.

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
Jonathan Ramaci: CEO/Founder Pangea Database Systems (acquired by Rackspace) of Rackspace and founder of 2 other companies, Data Intensity and Wellnest AI.

View details of Rackspace's Founder profiles and Board Members

Rackspace's employee count trend

Rackspace has 6,833 employees as of Aug 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	Red Hat, RocketSpace & 12 others	70/100
2nd	Crayon 2002, Oslo (Norway), Acquired	Provider of software asset management, volume licensing, and cloud migration services	$12M	Pratithi Investments, Softline & 6 others	67/100
3rd	Megazone Cloud 2018, Seoul (South Korea), Series C	Provider of cloud computing services	$515M	JKL Partners, Kakao Investment & 18 others	64/100
4th	Mission 2001, Los Angeles (United States), Acquired	AWS cloud and AI services provider, optimizing cloud investments	$107M	Great Hill Partners, SVB Equity Capital	63/100
5th	Kingdee 1993, Shenzhen (China), Public	Enterprise Information System provider	$2.42M	Qatar Investment Authority, Chiratae Ventures ... & 7 others	62/100
6th	Tetrate 2017, San Francisco (United States), Series B	Provides cloud services	$52.5M	Sapphire Ventures, Dell Technologies Capital ... & 15 others	61/100
7th	Nordcloud 2011, Helsinki (Finland), Acquired	Cloud advisory, automation, and management services	$23.7M	Finnvera, OP Corporate Bank & 3 others	60/100
8th	Netgain 2000, Saint Cloud (United States), Acquired	IT service provider	$50M	Bluff Point Associates	56/100
9th	RapidScale 2008, Irvine (United States), Acquired	Offers managed cloud and customized cloud solutions.	$750K	-	56/100
10th	CoSo Cloud 2007, San Francisco (United States), Acquired	Cloud-based virtual classroom platform for enterprises	$13M	Frontier Capital, Seabury Venture Partners	56/100

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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)