Carbonite
Financials
Estimates*
USD | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|---|
Revenues | - | - | 239m | 296m | - | - |
% growth | - | - | - | 24 % | - | - |
EBITDA | - | - | 4.0m | 30.0m | 137m | 154m |
% EBITDA margin | - | - | 2 % | 10 % | - | - |
Profit | - | - | (4.0m) | 7.0m | (28.0m) | (3.0m) |
% profit margin | - | - | (2 %) | 2 % | - | - |
R&D budget | 28.6m | 37.4m | 48.4m | 61.6m | - | - |
R&D % of revenue | - | - | 20 % | 21 % | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$2.5m | Series A | ||
$3.5m | Series A | ||
$15.0m | Series B | ||
$5.0m | Series B | ||
$5.2m | Series B | ||
$20.0m | Series C | ||
$20.0m | Series D | ||
N/A | N/A | Seed | |
N/A | N/A | IPO | |
N/A | $125m | Post IPO Equity | |
$1.4b Valuation: $1.4b 4.8x EV/LTM Revenues 47.3x EV/LTM EBITDA | Acquisition | ||
Total Funding | $71.2m |
Recent News about Carbonite
EditCarbonite, a part of the OpenText Cybersecurity family since its acquisition in December 2019, specializes in providing cyber resilient data protection solutions. The company offers continuous, automatic backup services that operate seamlessly in the background, safeguarding personal and business data from common forms of data loss, including cyberattacks and accidental deletions. Carbonite serves a diverse clientele ranging from home users to managed service providers and businesses of all sizes. Operating in the cybersecurity market, Carbonite's business model revolves around subscription-based services, generating revenue through recurring fees for its backup and recovery solutions. The company's products are designed to minimize downtime by enabling quick data recovery and threat investigation, thereby reducing business and financial risks. Carbonite's solutions are particularly valuable in a landscape where security risks are escalating and cyber threats are constantly evolving. The company emphasizes multi-vector protection to ensure comprehensive security for its users.
Keywords: cyber resilience, data protection, automatic backup, recovery solutions, cybersecurity, subscription services, threat intelligence, multi-vector protection, downtime minimization, OpenText.