Rackspace Technology, Inc.

Rackspace Technology, Inc. is an American cloud computing company headquartered in San Antonio, Texas. The company's mission is to embrace technology, empower customers, and deliver the future. It specializes in providing end-to-end hybrid, multi-cloud, and AI solutions, designing, building, and operating cloud environments for its customers across various technology platforms.

Rackspace offers a comprehensive suite of managed services, professional services, and cloud solutions, including cloud migration, application modernization, data protection, and managed security, with 24/7 operational support. They support major public cloud platforms such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, alongside their own private cloud infrastructure. The company also provides AI/ML solutions, notably through its Foundry for AI by Rackspace (FAIR) initiative. Rackspace primarily targets mid-market to enterprise-level organizations across diverse industries like financial services, manufacturing, retail, government, and healthcare, focusing on those with complex IT infrastructures undergoing digital transformation.

In September 2025, Gajen Kandiah was appointed Chief Executive Officer, succeeding Amar Maletira, with a strategic focus on an "AI-first multicloud strategy." The company reported a net loss of $863 million on revenue of $2.74 billion for the full year 2024, reflecting a 7% decrease from 2023, as it transitions to a "services-first" model. Rackspace has faced security challenges, including a December 2022 data breach affecting hosted Exchange users and another in October 2024 that compromised some customer information. As of May 2026, Rackspace Technology's market capitalization is approximately $0.43 billion USD.