About Panasas
Panasas is a company based in Sunnyvale (United States) founded in 1999.. Panasas has raised $149.13 million across 10 funding rounds from investors including Goldman Sachs, The Carlyle Group and ITOCHU. Panasas offers products and services including VDURA Data Platform and V5000.
- Headquarter Sunnyvale, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Panasas Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$149.13 M (USD)
in 10 rounds
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Latest Funding Round
$4 M (USD), Series F
Jan 29, 2019
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Investors
Goldman Sachs
& 11 more
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Employee Count
Employee Count
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Products & Services of Panasas
Panasas offers a comprehensive portfolio of products and services, including VDURA Data Platform and V5000. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing AI and HPC data with high reliability
High-performance storage for enterprise-scale applications
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Funding Insights of Panasas
Panasas has successfully raised a total of $149.13M across 10 strategic funding rounds. The most recent funding activity was a Series F round of $4 million completed in January 2019. 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 10
- Last Round Series F — $4.0M
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First Round
First Round
(01 Jan 2000)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series F - Panasas | Valuation |
investors |
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| Jul, 2014 | Amount | Debt – Conventional - Panasas | Valuation |
investors |
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| May, 2013 | Amount | Series F - Panasas | 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 Panasas
Panasas has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, The Carlyle Group and ITOCHU. 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 investments are managed in technology and healthcare sectors by this firm.
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Founded Year | Domain | Location | |
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Northgate Capital is engaged in venture capital and private equity investments.
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Founded Year | Domain | Location | |
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Expansion-stage investments in US tech and offline sectors are made.
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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 Panasas
| 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 - Panasas
| 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 |
Panasas Comparisons
Competitors of Panasas
| 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 Panasas
Frequently Asked Questions about Panasas
When was Panasas founded?
Panasas was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Where is Panasas located?
Panasas is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Is Panasas a funded company?
Panasas is a funded company, having raised a total of $149.13M across 10 funding rounds to date. The company's 1st funding round was a Series F of $25.23M, raised on Jan 01, 2000.
What does Panasas do?
Founded in 1999 in Sunnyvale, United States, parallel file system-based storage solutions are provided through a patented operating system configured as network-attached appliances using computer clusters. A scale-out architecture is implemented to expand storage capacity in response to growing demands. Operations focus on sectors including bioscience, energy, and finance, with deployments supporting data-intensive applications across these industries.
What products or services does Panasas offer?
Panasas offers VDURA Data Platform and V5000.
Who are Panasas's investors?
Panasas has 12 investors. Key investors include Goldman Sachs, The Carlyle Group, ITOCHU, Avidbank, and Northgate Capital.
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