|Headquarters||Athens, Georgia, U.S.|
|CEO: Brantley Coile|
|Products||EtherDrive SRX, EtherDrive VSX, EtherFlash, EtherCloud, NAS, AoE, SAN|
The company was founded by Brantley Coile, who previously worked on the Cisco PIX firewall and Cisco LocalDirector products. Coile began the research and development phase of the company in 2000 after leaving Cisco Systems, and developed the ATA over Ethernet (AoE) protocol, which enables storage networking using raw Ethernet frames for transport.
The company began selling its EtherDrive family of storage arrays in 2004. The open AoE protocol was released to the Linux community, and included in the Linux kernel since 2005, starting with version 2.6.11.
Coraid was backed with a total of $114.3 million in funding. The company received a first, $10 million round of institutional financing from two venture capital funds in January 2010, at the same time introducing new management and an advisory board. The company also moved its headquarters to Redwood City, CA early in 2010. Coraid secured an additional $25 million in Series B funding in November 2010, followed by a third round of $50M in November 2011. In December 2013 the company received its final round of $29.3M.
On January 2015, CEO Dave Kresse acknowledged a funding shortfall.
AoE is a second generation SAN transport protocol using layer 2 of the OSI model of network communications, "raw Ethernet." Coraid designed both hard disk drive and solid-state drive flash storage arrays.
A software-defined storage technology, EtherCloud enabled provisioning and automation of storage, as well as REST APIs for integration into OpenStack and the network, server, virtualization and application layers. Coraid also supported VMware ESXi environments through the custom and self-supported driver.
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