FundedIQ
Hardware

Race: Funding, Investors & Team (Sep 2026)

Race Communications provides fiber internet services with the goal of delivering dependable, fast internet to both rural and urban areas. They also offer TV, phone, and internet packages and focus on establishing networks that cater to small businesses.

race.com LinkedIn South San Francisco, United States 101-250 employees
Internet Telecommunications Wired Telecommunications B2B
Total raised
$375M
Rounds
1
Latest
Undisclosed round
Sep 2024

Race has raised $375M across 1 funding round on record, the most recent an undisclosed round of $375M announced in Sep 2024.

That round is above the $10M median round size for Hardware companies tracked on FundedIQ over the last two years.

Race Company Profile and Key Stats

Total funding raised
$375M
across 1 round on record
Funding rounds on record
1
Latest funding round
Undisclosed round
$375M in Sep 2024
Employees
101-250
reported band
Headquarters
South San Francisco, United States

Latest funding round on record: Sep 2024.

Race Funding Rounds

Date
Round
Amount
Undisclosed round
$375M

Race Founders and Leadership Team

Name
Role
Contact
Raul Alcaraz
Founder
Locked

Contact details for the Race team: 1 of 1 has an email address on file.

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Race Funding Compared to Other Hardware Startups

Segment
Companies
Median round
1,454
$10M
29,795
$7.5M

Race's latest round of $375M is above the median round in Hardware. Medians cover the last 24 months of disclosed rounds.

Funded Startups Like Race in Hardware and South San Francisco

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Race Funding FAQs

What does Race do?

Race Communications provides fiber internet services with the goal of delivering dependable, fast internet to both rural and urban areas. They also offer TV, phone, and internet packages and focus on establishing networks that cater to small businesses.

How much funding has Race raised?

Race has raised $375M across 1 round on record. The most recent is an undisclosed round of $375M announced in Sep 2024.

When did Race last raise funding?

Race's most recent funding round on record is an undisclosed round of $375M, announced in Sep 2024.

Who founded Race?

FundedIQ lists Raul Alcaraz (Founder) at Race.

Where is Race headquartered?

Race is based in South San Francisco, California, United States.

How many employees does Race have?

Race is in the 101-250 employee band.

How does Race's funding compare to other Hardware startups?

Race's latest round of $375M is above the $10M median round size for Hardware companies on FundedIQ across 1,454 tracked companies over the last two years.

About FundedIQ's Race Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Race is left off this page rather than filled in.

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