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.

Who is the current CEO of Red Hat?

Bob Young of Red Hat. They are also angel investors in 5 startups, including .

How many employees does Red Hat have?

As of Mar 31, 2026, the latest employee count at Red Hat is 19302.

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 $3.36B as on Feb 28, 2019.

Where does Red Hat rank among its competitors?

Red Hat ranks 2nd amongst 95 active competitors, of which 14 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was mogenius, which secured an undisclosed amount in Mar, 2025.

Who are the top competitors of Red Hat?

Red Hat's top competitors include Platform9, Spectro Cloud and Suse. Among them, mogenius secured the most recent funding round in March, 2025.

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

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

Berkshire Hathaway & 10 more

Ranked

2^nd among 95 active competitors

Annual Revenue

$3.36B as on Feb 28, 2019

Employee Count

19,302 as on Mar 31, 2026

Investment & Acquisitions

Chatterbox & 52 more

Similar Companies

HashiCorp & 160 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	Documents
RED HAT INC CIN: 1087423 , United States, Active	Sep 16, 1998	$3.36B (As on Feb 28, 2019)	7281 (As on Dec 31, 2023)	-
RED HAT INDIA PRIVATE LIMITED CIN: U72200MH2000PTC189014 , India, Active	Jul 05, 2000	$221M (As on Mar 31, 2025)	2311 (As on Aug 31, 2024)
RED HAT ApS CIN: 33785445 , Denmark, Active	Jun 30, 2011	-	-
RED HAT PROFESSIONAL CONSULTING, INC. CIN: 001t000000x99jjAAA , United States, Active	Dec 28, 2022	-	-	-

Red Hat got acquired by IBM on Oct 28, 2018. It was facilitated by JPMorgan Chase, Lazard, Goldman Sachs and 4 more.

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	2017482	Grant (prize money)	6546814	7879958	4415288	5609001
Sep 01, 2022	9229415	Grant (prize money)	6188845	5140290	7202272	Europa
Jan 01, 2021	7054759	Grant (prize money)	8048549	5796527	3781569	Europa

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View details of Red Hat's funding rounds and investors

The founders of Red Hat are Bob Young and Marc Ewing. Matt Hicks is the CEO of Red Hat.

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

Bob Young: Co-Founder and CEO of Red Hat. They are also an angel investor in 5 startups.
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 19,302 employees as of Mar 26. Here is Red Hat's employee count trend over the years:

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Top competitors of Red Hat include Platform9, Spectro Cloud 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	Platform9 2013, San Jose (United States), Series D	Provider of container development and management platform	$100M	Celesta Capital, Menlo Ventures & 12 others	69/100
2nd	Red Hat 1993, Raleigh (United States), Acquired	Openstack distribution and cluster management platform	-	Berkshire Hathaway, Benchmark & 9 others	70/100
3rd	Spectro Cloud 2019, San Jose (United States), Series C	Provider of Kubernetes management platform simplifying multi-cluster deployment from edge to cloud	$142M	Stripes, Goldman Sachs & 12 others	68/100
4th	Suse 1992, Berlin (Germany), Public	Open source based operating system and container management system	$5.48M	Ardian, AP6 & 4 others	62/100
5th	mogenius 2020, Cologne (Germany), Seed	Provider of Kubernetes management platform streamlining workflows and cloud-native operations	$3.05M	Seedandspeed, STS Ventures & 5 others	39/100
6th	iWeb 1996, Montreal (Canada), Acquired	Cloud hosting, server hosting and virtualization	$4.28M	Stifel, Goldman Sachs & 6 others	51/100
7th	H3C Technologies 1999, Hangzhou (China), Acquired	Cloud OS based on OpenStack	-	-	50/100
8th	Sidero 2019, Goleta (United States), Series A	Provider of Kubernetes platforms and related support and service offerings	$7.7M	Hiro Capital, PSG & 1 others	50/100
9th	CoreOS 2012, San Francisco (United States), Acquired	Open hybrid cloud solutions provider for transformative IT and AI applications	$48.1M	Google Ventures, Kleiner Perkins & 9 others	48/100
10th	EasyStack 2014, Beijing (China), Series D	OpenStack solution and service provider	$129M	BlueRun Ventures, JD.com & 6 others	45/100

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Red Hat has made 24 investments in companies including Rutter and Luna Rush. Red Hat has also acquired 29 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)