About PSINet
PSINet is a company based in Herndon (United States) founded in 1989 was acquired by Cogent in April 2002.. PSINet has raised $700 million across 1 funding round from investors including Cogent Communications. PSINet operates in a competitive market with competitors including KPN, Hong Kong Broadband Network, Cogeco, British Telecom and Ciena, among others.
- Headquarter Herndon, United States
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Sectors
Telecommunications
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$700 M (USD)
in 1 rounds
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Latest Funding Round
$700 M (USD), Series D
Jan 01, 2000
- Investors
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Employee Count
Employee Count
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Acquired by
Cogent
(Apr 02, 2002)
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Funding Insights of PSINet
PSINet has successfully raised a total of $700M through 1 strategic funding round. The most recent funding activity was a Series D round of $700 million completed in January 2000. 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 1
- Last Round Series D — $700.0M
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First Round
First Round
(01 Jan 2000)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2000 | Amount | Series D - PSINet | 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 PSINet
PSINet has secured backing from 1 investor. Prominent investors backing the company include Cogent Communications. 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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Cogent Communications is recognized as a leading Internet Service Provider.
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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 PSINet
| 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 - PSINet
| 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 |
Psinet Comparisons
Competitors of PSINet
PSINet 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 KPN, Hong Kong Broadband Network, Cogeco, British Telecom and Ciena, 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 |
Mobile and fixed-line telecommunication services are provided across Europe.
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Provider of fibre optic broadband internet services
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| domain | founded_year | HQ Location |
Fiber-optic internet, TV, and fixed-line telephone services provider
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| domain | founded_year | HQ Location |
Provider of mobile phones and fiber broadband services for home & business
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| domain | founded_year | HQ Location |
Cloud-based network management software is provided for infrastructure planning.
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| domain | founded_year | HQ Location |
Datacenter colocation, communication technology, and managed services are provided.
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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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Frequently Asked Questions about PSINet
When was PSINet founded?
PSINet was founded in 1989 and raised its 1st funding round 11 years after it was founded.
Where is PSINet located?
PSINet is headquartered in Herndon, United States. It is registered at Herndon, Virginia, United States.
Is PSINet a funded company?
PSINet is a funded company, having raised a total of $700M across 1 funding round to date. The company's 1st funding round was a Series D of $700M, raised on Jan 01, 2000.
What does PSINet do?
PSINet was founded in 1989 in Herndon, United States, as an early commercializer of internet services through DSL technology. Operations were conducted in the US, Canada, and Europe, with 400 offices established in 30 countries and 75 companies acquired amid industry consolidation. US assets were purchased by Cogent Communications in 2002, Canadian assets by TELUS Communications, European operations by Interoute, and UK business by Telstra.
Who are PSINet's investors?
PSINet has 1 investor. Key investors include Cogent Communications.
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