COMPANY INFO
NetApp, Inc., originally founded as Network Appliance, Inc. in 1992 by David Hitz, James Lau, and Michael Malcolm, is a public company headquartered in San Jose, California. With approximately 11,800 employees as of 2024, NetApp operates in the cloud computing and data storage industry, providing enterprise data management, unified data storage, and cloud data services to help organizations manage applications and data across hybrid multi-cloud environments. Their website is www.netapp.com. (NetApp official, Wikipedia, Crunchbase)
NetApp, Inc. is an American data infrastructure company founded in 1992 by David Hitz, James Lau, and Michael Malcolm. Headquartered in San Jose, California, and employing approximately 11,800 people as of 2024, NetApp, Inc. operates in the cloud computing, data storage, and data infrastructure industry. The company provides unified data storage, integrated data services, and cloud operations solutions that enable enterprise clients to manage applications and data across hybrid and multi-cloud environments, empowering them to achieve cost efficiency and drive significant business breakthroughs.
NetApp, Inc. funding history reflects its prominent standing in the enterprise technology landscape. Throughout its journey, NetApp, Inc. has raised a total of $801.43 million across two primary funding rounds. The company secured its initial capital via a grant in 2015 and subsequently raised substantial post-IPO growth capital in 2017. NetApp, Inc. investors include notable entities such as the European Union, marking key milestones in the company’s funding rounds and solidifying its financial strategy for market expansion and innovation. NetApp, Inc. venture capital approach has focused on supplementing public market growth with strategic investment inflows, fueling research, product development, and geographic reach.
This post-IPO funding round provided NetApp, Inc. with $800 million for company growth and expansion, focusing on scaling its product suite and global operations to reinforce its leadership in the data infrastructure sector.
NetApp, Inc. received $1.43 million in grant funding awarded as prize money, supporting the initial company launch and early development initiatives aimed at product innovation and foundational technology enhancement.
The European Union provided grant funding to NetApp, Inc. as part of a prize-money initiative in 2015. As a key investor, the EU’s support was instrumental in the company's early-stage growth, enabling NetApp, Inc. to accelerate development and pursue innovative data infrastructure solutions.
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