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§ Private Profile · 2 Avenue de Lafayette, Boston, MA 02111, United States
Data protection platform providing backup, disaster recovery, high availability, and cybersecurity for small to midsize businesses.
Carbonite has raised $93.0M across 8 funding rounds.
Key people at Carbonite.
Carbonite has raised $93.0M in total across 8 funding rounds.
Founded in 2005 by David Friend and Jeff Flowers, Boston-based Carbonite provides a subscription-based data protection platform offering backup, disaster recovery, workload migration, and cybersecurity solutions for everyday consumers. Initially focused on consumer backup products, the company expanded its software services to deliver secure, enterprise-level data protection and high availability tools for small to midsize commercial businesses. Operating from its Massachusetts headquarters with approximately 1,000 employees, the organization has generated $210,100,000 in annual revenue and secured $62,500,000 in total funding across a single financing round. Driven by direct customer feedback, the platform continuously evolved its infrastructure to make server backup and commercial data security simple, secure, and highly affordable. Following its continued growth and successful transition into the enterprise technology sector, the expanding business was officially acquired by the software corporation OpenText in 2019.
Carbonite is a technology company specializing in cloud-based data backup, disaster recovery, and cybersecurity solutions for individuals, small businesses, and enterprises. Originally launched as an unlimited online backup service for Windows and macOS users in 2005, it has evolved into a comprehensive data protection platform under OpenText following its 2019 acquisition, serving consumers with personal backups and businesses with server backup, workload migration, high availability, and endpoint protection.[1][2][3][4][5][6]
The company protects against data loss from ransomware, hardware failure, human error, and cyberattacks by offering unlimited encrypted storage, automatic backups, and quick recovery tools like courier delivery for drives. It solves critical problems in cyber resilience, backing up over 100 billion files and restoring 7 billion lost ones since inception, with products like Carbonite Endpoint Backup and Carbonite Recover tailored for mobile workforces and low-downtime environments.[1][2][5][6]
Carbonite was founded in 2005 by CEO David Friend and CTO Jeff Flowers, serial entrepreneurs whose prior ventures included Computer Pictures, Pilot Software, FaxNet, and Sonexis; Friend also held an executive role at ARP Instruments in the 1970s.[1] The idea stemmed from a personal need—Friend's term paper on data backup risks—leading to the first unlimited, fixed-price online backup service, named after the *Star Wars* substance that froze Han Solo.[1][2]
It debuted in 2006 via Staples (bundled with cameras) and Microsoft Money, initially focusing on photo backups before expanding.[1] Key milestones include the 2017 acquisition of Mozy for $145.8 million, adding cloud backup capabilities, and 2019's purchase of Webroot for $618.5 million, bolstering cybersecurity; that year, OpenText acquired Carbonite for $23 per share, integrating it into its portfolio.[1][4]
Carbonite rides the explosive growth in digital data storage and escalating cyber threats like ransomware, hackers, and human error, amid trends toward remote work and cloud reliance.[2][5] Its timing capitalized on early 2000s online backup needs, evolving with data explosion—now protecting "digital identities" for businesses via resilient tools that minimize downtime in hybrid environments.[2][3]
Market forces favoring it include rising compliance demands (HIPAA, FERPA) and the shift to affordable enterprise-grade protection for SMBs, influencing the ecosystem by setting standards for unlimited, accessible backups and integrating with OpenText's cybersecurity suite (e.g., Webroot, MailStore).[1][4][6] As part of a larger portfolio, it enhances global cloud infrastructure scalability, helping organizations mitigate breaches and maintain operations.[3][5]
Carbonite's integration into OpenText positions it for accelerated growth in cybersecurity and workload mobility, with trends like AI-driven threats and edge computing demanding even faster, zero-trust recovery. Expect expansions in managed services, AI-enhanced threat detection, and deeper hybrid cloud support to solidify its role in cyber resilience.
This evolution from a term-paper-inspired backup tool to a cornerstone of OpenText's data protection arsenal underscores its enduring mission: making robust safeguards accessible to all, ensuring bounce-back from inevitable disruptions.[2]
Key people at Carbonite.
Carbonite has raised $93.0M across 8 funding rounds. Most recently, it raised $2.5M Series A in November 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 21, 2024 | $2.5M Series A | — | — | Announced |
| Jan 8, 2010 | $20M Debt Financing | Crosslink Capital | — | Announced |
| Jan 1, 2010 | $20M Series D | Crosslink Capital | Andreessen Horowitz, OWL Rock Capital Partners, Converge, Menlo Ventures, Performance Equity | Announced |
| Sep 1, 2008 | $20M Series C | — | OWL Rock Capital Partners | Announced |
| Feb 1, 2008 | $5M Series B | Four Rivers Group | OWL Rock Capital Partners | Announced |
| May 1, 2007 | $15M Series B | — | OWL Rock Capital Partners | Announced |
| Dec 12, 2006 | $3.5M Series A | 3I | — | Announced |
| Sep 17, 2006 | $7M Venture Round | — | — | Announced |
Carbonite has raised $93.0M in total across 8 funding rounds.
Carbonite's investors include Crosslink Capital, Andreessen Horowitz, Owl Rock Capital Partners, Converge, Menlo Ventures, Performance Equity, Four Rivers Group, 3i.
