About Petuum
Petuum is a company based in Pittsburgh (United States) founded in 2016 by Ning Li, Eric Xing, and Qirong Ho. Petuum has raised $108 million across 2 funding rounds from investors including Tencent, SoftBank Vision Fund and Advantech Capital. The company has 41 employees. Petuum operates in a competitive market with competitors including Veritone, Anyscale, Comet, Abacus.AI and DataRobot, among others.
- Headquarter Pittsburgh, United States
- Employees 41
- Founders Ning Li, Eric Xing, Qirong Ho
- Website petuum.com
- Social X
- Legal Name Petuum Inc
- Total Equity Funding$108M (USD)
in 2 rounds
- Latest Funding Round$93M (USD), Series B
Oct 2017
- InvestorsTencent
& 4 more
- Employee Count41
Funding Insights of Petuum
Petuum has successfully raised a total of $108M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $93 million completed in October 2017. 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 $108M
- Total Rounds 2
- Last Round Series B — $93M
- First Round $15M
(Nov 2016)
- Investors Count 5
All 2 funding rounds of Petuum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2017 | $93M | Series B | – | SoftBank Vision Fund | |
| Nov 2016 | $15M | Series A | – | Advantech Capital |
5 investors in total: 5 institutional.
Investors in Petuum
Petuum has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent, SoftBank Vision Fund and Advantech Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | advantechcapital.com | - | |
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
- | – | orizaventures.com | - | |
Provider of early stage venture capital focused on technology companies | – | nlvc.com | Menlo Park, United States | |
Value-added internet, mobile, and telecom services are provided in China. | 1998 | tencent.com | Shenzhen, China |
Investor details for Petuum
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Petuum
22 people are tracked at Petuum (5 in leadership, 6 in board & advisors, 11 in team); the tracked headcount is 41.
| Name | Role | Group |
|---|---|---|
Ning Li | ex-Co-Founder | Leadership |
Eric Xing | Founder, CEO | Leadership |
Qirong Ho | Co-Founder | Leadership |
Aurick Qiao | CEO | Leadership |
Liz Yi | Co-Founder & Chief Corporate Development Officer | Leadership |
Stephen P. Boyd | Advisor | Board & advisors |
Michael I. Jordan | Advisor | Board & advisors |
Kai Li | Advisor | Board & advisors |
Harry Shum | Advisor | Board & advisors |
Alex Liang | Executive Advisor | Board & advisors |
Mark Schulze | Executive Advisor | Board & advisors |
Zheng Nie | Senior Software Engineer - ML/DL | Team |
Sidney Barnes | Customer Success Engineer | Team |
Swapnil Singhavi | Software Engineer - Machine Learning | Team |
Wenyuan Gu | Software Engineer | Team |
Shubhadeep B. | Software Engineer | Team |
Yuqi Wang | Software Engineer | Team |
Dian Li | Software Engineering Manager | Team |
Tuncay T. | Devops Engineer&mlops&llmops | Team |
Suqi Sun | Software Engineer | Team |
2 more people are available in the full profile.
Complete people profiles for Petuum
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Petuum
3 dated milestones of Petuum across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Petuum is founded.
- Funding First funding round of $15.0M.
- Funding Latest funding round, Series B, of $93.0M.
Competitors of Petuum
Petuum 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 Veritone, Anyscale, Comet, Abacus.AI and DataRobot, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| veritone.com | 2014 | Irvine, United States | $15M | 487 | AI-driven analytics for audio and video content are provided. | |
| anyscale.com | 2019 | San Francisco, United States | $280.53M | 118 | Provider of an AI-based open source framework for building distributed applications | |
| comet.com | 2017 | New York, United States | $63.02M | – | AI and SaaS-based ML solutions | |
| abacus.ai | 2019 | San Francisco, United States | $90.25M | 49 | Provides AI based data models creation for data science | |
| datarobot.com | 2012 | Boston, United States | $1.05B | 453 | Provider of an AI and cloud based data science platform | |
| mindsdb.com | 2017 | Berkeley, United States | $53.68M | – | Predictive analytics platform for enterprise data | |
| 4paradigm.com | 2014 | Beijing, China | $1.07B | – | AI-based data science and modeling platform is provided. | |
| knime.com | 2008 | Zurich, Switzerland | $51.46M | 101 | Data science platform for analysis and model building without coding. | |
| yitutech.com | 2012 | Xuhui, China | $385.07M | – | AI-based decision intelligence platforms are provided for multiple sectors. |
Detailed competitors of Petuum
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Latest news on Petuum
Complete news archive for Petuum
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- Full article archive
- Source and publication date
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- Brand-specific news history
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Frequently Asked Questions about Petuum
Petuum was founded in 2016.
Petuum is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Eric Xing is the current CEO of Petuum. They have also founded this company.
Petuum is a funded company, having raised a total of $108M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Nov 2016.
Petuum has 41 employees.
Petuum has 5 investors. Key investors include Tencent, SoftBank Vision Fund, Advantech Capital, Oriza Ventures, and NLVC.
Petuum operates through Petuum Inc.