About Penguin Solutions
Penguin Solutions is a publicly listed company based in Milpitas (United States) founded in 1988. Investment management and financial services are provided by SGH. It operates on a AI-as-a-Service and Managed Services model. Its chief executive, as recorded, is Mark Adams. Penguin Solutions offers products and services including OriginAI®, ICE ClusterWare™, and Stratus ztC Endurance™. Its focus areas include Technology, Information Technology, AI Infrastructure and High-Performance Computing. Its legal entity is FORRES SANDLE MANOR EDUCATIONAL TRUST LIMITED.
Company details
Penguin Solutions is established as an end-to-end provider of AI and high-performance computing (HPC) infrastructure solutions. Services and products are offered across various sectors including oil gas, financial services, healthcare, and government. Complex challenges in computing, memory, and LED solutions are addressed through scalable and sustainable technologies. Expertise is provided in designing, building, deploying, and managing AI clusters at scale. Edge, core, and cloud environments are supported to accelerate digital transformation for clients worldwide.
- Headquarters Milpitas, United States
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website sghcorp.com
- Social LinkedIn X YouTube
- Legal Name Forres Sandle Manor Educational Trust Limited
- Latest Funding Round$200M (USD), Post-IPO
Jul 2024
- InvestorsSK Telecom
& 1 more
Products & Services of Penguin Solutions
Penguin Solutions offers a comprehensive portfolio of products and services, including OriginAI®, ICE ClusterWare™, and Stratus ztC Endurance™.
AI infrastructure solution for scalable GPU cluster management.
Software for simplifying AI cluster deployment and management.
Computing platform ensuring high availability and fault tolerance.
Apps and channels of Penguin Solutions
its YouTube channel Penguin Solutions has 247 subscribers and 29 videos.
Videos from Penguin Solutions
The most watched videos on Penguin Solutions's YouTube channel, Penguin Solutions (247 subscribers). Click a video to play it here.
More on Penguin Solutions.
Funding Insights of Penguin Solutions
- Total Rounds 2
- Last Round Post-IPO — $200M
- First Round $525M
(Feb 2022)
- Investors Count 2
All 2 funding rounds of Penguin Solutions 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 |
|---|---|---|---|---|---|
| Jul 2024 | $200M | Post-IPO | – | – | |
| Feb 2022 | $525M | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in Penguin Solutions
Penguin Solutions has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include SK Telecom and Citizens Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are provided to individuals and businesses. | 1828 | citizensbank.com | Providence, United States | |
Provider of integrated telecommunication services | 1984 | sktelecom.com | Seoul, South Korea |
Investor details for Penguin Solutions
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
Verified entity values are shown only after access is granted.
People of Penguin Solutions
18 people are tracked at Penguin Solutions (10 in leadership, 6 in board & advisors, 2 in team).
| Name | Role | Group |
|---|---|---|
Mark Adams | CEO | Leadership |
Charles Jerz | Director Total Rewards | Leadership |
Joe Clark | President, Cree LED | Leadership |
Ken Rizvi | SVP & Chief Financial Officer | Leadership |
Jack Pacheco | Chief Operating Officer & President, Memory Solutions | Leadership |
Anne Kuykendall | VP & General Counsel | Leadership |
Valerie Sassani | VP, Marketing & Communications | Leadership |
Srini Tanikella | CIO / Vice President, Information Technology | Leadership |
Matt Beckler | Vice President, Global Tax | Leadership |
Aaron Johnson | Vice President Finance And Accounting | Leadership |
Maximiliane Straub | Director | Board & advisors |
Bryan Ingram | Director | Board & advisors |
Sandeep Nayyar | Director | Board & advisors |
Mark Papermaster | Director | Board & advisors |
Penelope Herscher | Chair | Board & advisors |
Randy Furr | Director | Board & advisors |
Chloe Wan | Corporate Controller | Team |
Michael Wellman | CHRO | Team |
Complete people profiles for Penguin Solutions
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 Penguin Solutions
4 dated milestones of Penguin Solutions across 36 years, from founding to its latest funding, stage changes and deals.
- Founded Penguin Solutions is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $525.0M.
- Funding Latest funding round, Post-IPO, of $200.0M.
Top companies in Investment & Wealth Tech
3 companies that operate in the same segment as Penguin Solutions (Investment & Wealth Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based website builder tool | 2003 | New York, New York, United States | USD 591.5 M | USD 16.79 M | 2,161 | |
Alternative investment platform for startups and investors is operated. | 2010 | San Francisco, California, United States | USD 100 M | 523 | ||
Web3 infrastructure solutions are offered via a blockchain platform. | 2021 | Palo Alto, California, United States | USD 336 M | 186 |
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Related news about Penguin Solutions
Complete news archive for Penguin Solutions
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Frequently Asked Questions about Penguin Solutions
Penguin Solutions was founded in 1988 and raised its 1st funding round 34 years after it was founded.
Penguin Solutions is headquartered in Milpitas, United States. It is registered at Milpitas, California, United States.
Mark Adams is the CEO of Penguin Solutions, as recorded in our data.
Penguin Solutions is established as an end-to-end provider of AI and high-performance computing (HPC) infrastructure solutions. Services and products are offered across various sectors including oil gas, financial services, healthcare, and government. Complex challenges in computing, memory, and LED solutions are addressed through scalable and sustainable technologies. Expertise is provided in designing, building, deploying, and managing AI clusters at scale. Edge, core, and cloud environments are supported to accelerate digital transformation for clients worldwide.
Penguin Solutions offers OriginAI®, ICE ClusterWare™, and Stratus ztC Endurance™.
Penguin Solutions has 2 investors. Key investors include SK Telecom, and Citizens Bank.
Penguin Solutions operates through Forres Sandle Manor Educational Trust Limited.