Sphere 3d

Delivers data management, and desktop and application virtualization. Learn more

Launch date

2009

Employees

11-50 people

Market cap

Enterprise valuation

$18m (Public information from Sep 2024)

Toronto Ontario (HQ)

http://sphere3d.com

https://twitter.com/sphere3d https://www.facebook.com/sphere3d https://www.linkedin.com/company/sphere-3d-inc-https://play.google.com/store/apps/details?id=com.sphere3d.glassware

Revenues, earnings & profits over time

USD	2019	2020	2021	2022	2023	2024	2025
Revenues	5.6m	4.8m	3.7m	6.1m	21.9m	21.6m	19.6m
% growth	(38 %)	(13 %)	(23 %)	63 %	260 %	(1 %)	(9 %)
EBITDA	(2.8m)	(3.8m)	(10.3m)	(36.6m)	(19.3m)	-	-
% EBITDA margin	(51 %)	(78 %)	(276 %)	(602 %)	(88 %)	-	-
Profit	(4.3m)	(5.8m)	(17.3m)	(193m)	(23.4m)	-	-
% profit margin	(77 %)	(119 %)	(465 %)	(3173 %)	(107 %)	-	-
EV / revenue	0.5x	2.2x	49.1x	3.1x	2.1x	0.9x	0.9x
EV / EBITDA	-1.1x	-2.8x	-17.8x	-0.5x	-2.4x	-	-
R&D budget	2.1m	1.2m	<1m	<1m	1.0m	-	-
R&D % of revenue	37 %	25 %	26 %	10 %	5 %	-	-

Date	Investors	Amount	Round
Aug 2013	N/A	N/A	IPO
Jun 2014	N/A	$23.3k	Seed
Jun 2015	N/A	$5.2m	Early VC
Aug 2015	N/A	$2.0m	Early VC
Apr 2016	Opus Bank	$20.0m	Post IPO Debt
Jan 2017	N/A	$5.1m	Post IPO Equity
Aug 2017	N/A	$3.0m	Post IPO Equity
Apr 2018	N/A	$2.3m	Post IPO Equity
May 2019	N/A	$680k	Post IPO Equity
Sep 2021	N/A	$192m	Post IPO Equity
Total Funding		$7.2m

Sphere 3D is a technology company specializing in virtualization and data management solutions. The company serves a diverse range of clients, including enterprises and service providers, who require efficient and scalable IT infrastructure. Operating in the cloud computing and data storage market, Sphere 3D offers products like Glassware 2.0, V3, and Virtual Desktop Infrastructure (VDI) to enable seamless cloud integration and desktop liberation. The business model revolves around selling software licenses, hardware appliances, and providing ongoing support and services. Sphere 3D generates revenue through direct sales, channel partners, and service providers. The company focuses on delivering innovative solutions that simplify IT management and enhance operational efficiency.

Keywords: virtualization, data management, cloud integration, desktop liberation, VDI, Glassware 2.0, hyperconverged, storage, IT infrastructure, scalability.

Tech stackLearn more about the technologies and tools that this company uses.