Is Aarista (Aarista LLC / Aarista Technologies LLC) owned by private equity?

Notes

• Registry escalation attempted (official sources): Washington Secretary of State Corporations & Charities Filing System (CCFS) public Corporation Search is the official portal for WA entity records; however, this pass could not obtain and cite a specific Aarista entity detail page (UBI, formation date, governors/members/managers) from the portal output within the current tool constraints, so WA entity-chain confirmation remains incomplete.
• Registry escalation attempted (official sources): Delaware Division of Corporations provides an official entity name search portal; however, this pass could not obtain and cite any specific Delaware entity record for an Aarista-related legal name (e.g., Aarista LLC / Aarista Technologies LLC) from the portal output within the current tool constraints, so DE entity-chain confirmation remains incomplete.
• Ownership/control: HCAP Partners publicly announced an 'investment' in Aarista LLC on August 6, 2024 and described it as a partnership, but did not disclose terms (e.g., majority vs. minority, control rights), so current control by a PE sponsor cannot be determined from the sources reviewed.
• Founding date conflict: Dealroom reports Aarista was founded in 2022 by Dr. Jodhvir Sarai, Karim Salamatian, and Michael Mai, while CB Insights indicates the company was founded in 2023 (and is based in San Diego, CA). This response uses 2022 (with founders) but notes the conflict.
• Location: HCAP’s press release dateline is San Diego, CA and CB Insights lists San Diego, CA as the company’s base, supporting San Diego as the likely founding/HQ location; however, the company website footer lists a Bellingham, Washington address, which may reflect an office location or mailing address rather than founding location.
• Entity naming: Sources refer to 'Aarista LLC' (HCAP press release) and the website uses 'Aarista' / 'Aarista Technologies LLC' in the site footer; these appear to refer to the same operating company/brand.