C1

C1

Private
Bloomington, MinnesotaAI, Data & Cloud Infrastructurehttps://www.onec1.com

Last Round

Corporate Funding

6/4/2024

Total Funding Raised

$274.6M

Company Overview

C1, formerly known as ConvergeOne, is a global technology solutions provider that focuses on IT services for businesses. The company's offerings span core technology markets including collaboration, enterprise networking, data center, cloud, and security. C1 provides these services through various delivery models such as on-premise, private, hybrid, and public clouds, managing the entire project lifecycle from consultation and design to implementation and ongoing management. The company serves over 6,000 customers, including many Fortune 1000 companies and public sector organizations. While its primary business is providing IT solutions, PitchBook data indicates it has also made 26 investments, suggesting a secondary role as an investor. The company is headquartered in Bloomington, Minnesota, and has a significant engineering presence in North America and India.

Sector

AI, Data & Cloud Infrastructure

Verticals

Cloud Communications, Network Security, Cloud Infrastructure, Enterprise Communication, NLP & Conversational AI

Business Model

B2B

Customer Profile

Services & Consulting, Subscription SaaS, Government Contracts

AI Layer

Application

Keywords

managed servicesIT servicesMSPsystems integratorpublic sector ITvalue-added resellerVARunified communicationscontact center solutionsmanaged security servicesMSSPenterprise networkingcloud migrationCCaaSUCaaSIT observabilitygenerative AI platformAI copilot

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C1 Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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C1 Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Corporate Funding6/4/2024
Debt5/1/2023
M&A1/4/2019
M&A2/22/2018
Buyout/LBO5/14/2014

C1 Investors

Notable investors and investment history

InvestorRounds
Clearlake Capital GroupM&A, Buyout/LBO
Monarch Alternative CapitalCorporate Funding
Forum Merger CorporationM&A
Silver Point CapitalCorporate Funding

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 27, 2026

    Recognized by Genesys as 2025 Expansion Partner of the Year.

  • Apr 1, 2026

    Experience highlighted with Avaya, Cisco, Microsoft, and Genesys.

C1 Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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C1 Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersBloomington, Minnesota
Employee Range460
Year Founded1993
Last Funding6/4/2024

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