About Packet
Packet is a company based in New York (United States) founded in 2014 was acquired by Equinix in January 2020.. Packet has raised $36.12 million across 4 funding rounds from investors including Equinix, SoftBank and Dell Technologies. Packet operates in a competitive market with competitors including Platform9 Systems, XebiaLabs, Puppet, Ambassador and Quali, among others.
- Headquarter New York, United States
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Software Development Team
239 people
Leadership Team
117 people
Sales and Marketing
108 people
Operations Team
63 people
Senior Team
57 people
Human Resources and Administration
48 people
Data Analysis and Operations Team
35 people
Creative and Marketing Team
28 people
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Funding Insights of Packet
Packet has successfully raised a total of $36.12M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in September 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $25.0M
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First Round
First Round
(01 Jun 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series B - Packet | Valuation | Third Point Ventures | |
| Aug, 2016 | Amount | Series A - Packet | Valuation | SoftBank Group |
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| May, 2016 | Amount | Debt – Conventional - Packet | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Packet
Packet has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Equinix, SoftBank and Dell Technologies. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital is focused on fintech and multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Packet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Packet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Packet Comparisons
Competitors of Packet
Packet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Platform9 Systems, XebiaLabs, Puppet, Ambassador and Quali, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Container development and management platforms are provided for private clouds.
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| domain | founded_year | HQ Location |
Provider of cloud automation and management platform
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| domain | founded_year | HQ Location |
Cloud-based DevOps software is offered for IT infrastructure management.
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| domain | founded_year | HQ Location |
Cloud-based container solutions for edge computing are developed.
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| domain | founded_year | HQ Location |
Cloud infrastructure automation and management solutions are provided.
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| domain | founded_year | HQ Location |
Cloud infrastructure orchestration and management are enabled by SaltStack platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Packet
Frequently Asked Questions about Packet
When was Packet founded?
Packet was founded in 2014.
Where is Packet located?
Packet is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Packet a funded company?
Packet is a funded company, having raised a total of $36.12M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $300K, raised on Jun 01, 2014.
What does Packet do?
Founded in 2014 and headquartered in New York, United States, Packet operates in the cloud computing sector. A platform for deploying edge applications and solutions is offered, along with services for site deployment, management, and product development. Key features encompass automation, integration, storage, cost optimization, and automation of single-tenant infrastructure. Operations focus on data orchestration and security across cloud and edge environments.
Who are the top competitors of Packet?
Packet's top competitors include Platform9 Systems, Aarna and AppViewX.
Who are Packet's investors?
Packet has 8 investors. Key investors include Equinix, SoftBank, Dell Technologies, Samsung NEXT, and Battery Ventures.
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