Coraid disappears after funding quest fails - sources

Jack Gilbert
clock

Former employee tells CRN Coraid has begun filing for bankruptcy

US-based Ethernet storage vendor Coraid may be finally closing down for good as CRN understands it has begun filing for bankruptcy. Reports first circulated that Coraid was facing funding troubl...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
CRN Exclusive: Ingram Micro conducts round of layoffs, with more to come

Distributor

This is the second round of cuts for the distributor and it doesn’t look like it’s going to stop

clock 29 February 2024 • 2 min read
Zoom layoffs total 150 as video giant turns attention to 'critical' areas, including AI

Vendor

Videoconferencing giant is cutting 150 jobs as it "rescopes" some roles with a focus on areas of future growth, including AI, sales and product in the latest round of 2024 tech layoffs

clock 02 February 2024 • 2 min read
Veeam layoffs hit 300 as company vows to hire 500 this year

Vendor

The layoffs will affect employees in sales, marketing and administrative capacities

clock 15 January 2024 • 2 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Vendor

Alphabet in advanced talks to acquire cybersecurity startup Wiz for $23bn: reports

Alphabet in advanced talks to acquire cybersecurity startup Wiz for $23bn: reports

Reuters reports the deal will be primarily funded in cash and is set to be finalised soon

Andrea Gaini
clock 15 July 2024 • 1 min read
WWT CEO on 'unhappy' Broadcom VMware customers seeking alternatives and WWT 'tripling' AI initiatives

WWT CEO on 'unhappy' Broadcom VMware customers seeking alternatives and WWT 'tripling' AI initiatives

Kavanaugh tells CRN about Broadcom's VMware approach, AI partnerships, and guiding customers through technological shifts in enterprise IT

Mark Haranas
clock 12 July 2024 • 6 min read
Microsoft exec Althoff: VMware pricing gave 'the world the greatest gift of all'

Microsoft exec Althoff: VMware pricing gave 'the world the greatest gift of all'

"Everyone wants to get off of VMware and get into the cloud," Microsoft chief commercial officer Judson Althoff says

Wade Tyler Millward
clock 12 July 2024 • 13 min read