# Symforma

**Source:** https://www.startuphub.ai/startups/symforma
**Profile type:** Startup

> Symform was a peer-to-peer cloud storage and backup service acquired by Quantum.

## About

Symform was a peer-to-peer cloud storage and backup service that aimed to provide cost-effective data management solutions. It leveraged a distributed, crowdsourced model where users contributed excess drive space to the network in exchange for free storage. The company was acquired by Quantum in 2014, and its technology was integrated into Quantum's data protection and scale-out storage offerings.

## Key facts

- **Slug:** symforma
- **Website:** https://symforma.io
- **Location:** Seattle, United States
- **Operating status:** Active
- **Total funding:** $3M
- **Sectors / tags:** Cloud Storage, Data Backup, Peer-to-Peer, Distributed Systems

## Frequently asked

### What does Symforma do?

Symform was a peer-to-peer cloud storage and backup service that aimed to provide cost-effective data management solutions. It leveraged a distributed, crowdsourced model where users contributed excess drive space to the network in exchange for free storage. The company was acquired by Quantum in 2014, and its technology was integrated into Quantum's data protection and scale-out storage offerings.

### How much funding has Symforma raised?

Symforma has raised a total of $3M in funding. The most recent round on record is Series B.

### Where is Symforma headquartered?

Symforma is headquartered in Seattle, United States.

### What industry does Symforma operate in?

Symforma operates in Cloud Storage, Data Backup, Peer-to-Peer, Distributed Systems.

### What is Symforma's revenue?

StartupHub estimates Symforma's annual revenue at $1.9M (range $1.3M to $2.4M, 27% confidence), based on comparable companies in the sector.

### What is Symforma's valuation?

StartupHub estimates Symforma's effective valuation at $11.5M (range $7.5M to $18.0M, 10% confidence), based on comparable companies in the sector.

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