When was Red Hat founded?

Red Hat was founded in 1993 and raised its 1st funding round 22 years after it was founded.

Where is Red Hat located?

Red Hat is headquartered in Raleigh, United States.

How many employees does Red Hat have?

As of Sep 30, 2026, the latest employee count at Red Hat is 19541.

Is Red Hat a funded company?

Red Hat is a funded company, having raised an undisclosed amount across 7 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Mar 01, 2015.

How much is Red Hat worth?

The last known valuation of Red Hat was $***** as of Oct 28, 2018.

When was the latest funding round of Red Hat?

Red Hat's latest funding was a $***** Grant (prize money) round on Jan 01, 2023, with participation from 1 investor.

What is the annual revenue of Red Hat?

Annual revenue of Red Hat is more than $1B as on Feb 28, 2019

Where does Red Hat rank among its competitors?

Red Hat ranks 1st amongst 103 active competitors, of which 15 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Spectro Cloud, which secured $100M in Jul, 2026.

Who are the top competitors of Red Hat?

Red Hat's top competitors include Spectro Cloud, iWeb and Suse. Among them, Spectro Cloud secured the most recent funding round in July, 2026.

Red Hat - 2026 Company Profile, Team, Funding, Competitors & Financials

Red Hat is an acquired company based in Raleigh (United States), founded in 1993 by Jordan Childs and Marc Ewing. It operates as an Openstack distribution and cluster management platform. Red Hat has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 103 active competitors, including 15 funded and 11 that have exited. Its top competitors include companies like Spectro Cloud, iWeb and Suse.

Company Details

Openstack distribution and cluster management platform. It allows developers to create, delete, and manage kubernetes clusters across multiple private and public clouds. The platform enables users to track costs, control resources, and more. Its offerings include application development, automation, cloud computing, and more.

Website: www.redhat.com/en
Social
Email ID: *****@redhat.com
Phone Number: +1 **********

Key Metrics

Founded Year

1993

Location

Raleigh, United States

Stage

Acquired

Latest Funding Round

Grant (prize money), Jan 01, 2023, $*****

Last Known Valuation

$***** as on Oct 28, 2018

Investors

Intel & 10 more

Ranked

1^st among 103 active competitors

Annual Revenue

$1B+ as on Feb 28, 2019

Employee Count

19,541 as on Sep 30, 2026

Investment & Acquisitions

Chatterbox & 51 more

Similar Companies

HashiCorp & 169 more

Exit Details

Acquired by IBM (Oct 28, 2018)

View Red Hat's full profile

Red Hat is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
RED HAT PROFESSIONAL CONSULTING, INC. CIN: 001t000000x99jjAAA , United States, Active	Dec 28, 2022	-	-	-
RED HAT ApS CIN: 33785445 , Denmark, Active	Jun 30, 2011	-	-
RED HAT INC CIN: 1087423 , United States, Active	Sep 16, 1998	$1B+ (As on Feb 28, 2019)	7281 (As on Dec 31, 2023)	-
RED HAT INDIA PRIVATE LIMITED CIN: U72200MH2000PTC189014 , India, Active	Jul 05, 2000	₹1,000+ Cr (As on Mar 31, 2025)	2499 (As on May 01, 2026)

Red Hat got acquired by IBM on Oct 28, 2018.

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

Red Hat has raised funding over 7 rounds. Its first funding round was on Mar 01, 2015. Its latest funding round was a Grant (prize money) round on Jan 01, 2023 for $*****. 1 investor participated in its latest round. Red Hat has 11 institutional investors.

Here is the list of recent funding rounds of Red Hat:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 01, 2023	2673440	Grant (prize money)	2602954	2553574	3609654	3544939
Sep 01, 2022	9899857	Grant (prize money)	5994181	3842725	8949591	Europa
Jan 01, 2021	9158705	Grant (prize money)	5565075	5455427	6087382	Europa

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View details of Red Hat's funding rounds and investors

The founders of Red Hat are Jordan Childs and Marc Ewing. Matt Hicks is the CEO of Red Hat.

Here are the details of Red Hat's key team members:

Jordan Childs: Global Deal Director of Red Hat.
Marc Ewing: Former Co-Founder of Red Hat.

View details of Red Hat's Founder profiles and Board Members

Red Hat's employee count trend

Red Hat has 19,541 employees as of Sep 26. Here is Red Hat's employee count trend over the years:

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Top competitors of Red Hat include Spectro Cloud, iWeb and Suse. Here is the list of Top 10 competitors of Red Hat, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Red Hat 1993, Raleigh (United States), Acquired	Openstack distribution and cluster management platform	-	Intel, Berkshire Hathaway & 9 others	70/100
2nd	Spectro Cloud 2019, San Jose (United States), Series D	Provider of Kubernetes management platform simplifying multi-cluster deployment from edge to cloud	$260M	Goldman Sachs, Stripes & 16 others	69/100
3rd	iWeb 1996, Montreal (Canada), Acquired	Cloud hosting, server hosting and virtualization	$4.28M	Goldman Sachs, Stifel & 6 others	54/100
4th	Suse 1992, Berlin (Germany), Public	Open source based operating system and container management system	$5.48M	AP6, Mosaic Ventures & 6 others	54/100
5th	H3C Technologies 1999, Hangzhou (China), Acquired	Cloud OS based on OpenStack	-	-	53/100
6th	Platform9 2013, San Jose (United States), Series D	Provider of container development and management platform	$100M	Celesta Capital, Hewlett Packard Enterprise ... & 13 others	51/100
7th	Sidero 2019, Goleta (United States), Series A	Provider of Kubernetes platforms and related support and service offerings	$7.7M	Hiro Capital, Sony Innovation Fund & 1 others	51/100
8th	CoreOS 2012, San Francisco (United States), Acquired	Open hybrid cloud solutions provider for transformative IT and AI applications	$48.1M	Google Ventures, Sequoia Capital & 9 others	51/100
9th	EasyStack 2014, Beijing (China), Series D	OpenStack solution and service provider	$129M	JD.com, BlueRun Ventures & 6 others	45/100
10th	Virtual Iron Software 2003, Lowell (United States), Acquired	Software for server virtualization & virtual infrastructure management	$41.5M	Goldman Sachs, Sapphire Ventures & 5 others	42/100

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Red Hat has made 24 investments in companies including Rutter and Luna Rush. Red Hat has also acquired 28 companies including Chatterbox and Jounce.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 16, 2025	Acquisition	Chatterbox	2010	Reading (United Kingdom)
May 13, 2025	Acquisition	Jounce		-
Nov 12, 2024	Acquisition	Neural Magic	2018	Cambridge (United States)