Packet

Packet Overview

Founded 2014
Founded
Status Acquired/​Merged
Employees 130
Employees
Latest Deal Type M&A
Latest Deal Amount $335M
Latest Deal Amount

Packet General Information

Description

Provider of a cloud hosting platform designed to automate server configurations. The company's platform automates physical servers and networks without the use of virtualization or multi-tenancy, powering over 60k deploys each month across its 18 global datacenters, as well as dozens of private and on-premise locations with a combination of flexible bare metal automation and focus on carrier-grade networking features, enabling enterprises, SaaS companies, and software innovators to deploy automated infrastructure, anywhere and on their terms.

Contact Information

Website
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Network Management Software
Other Industries
Operating Systems Software
Systems and Information Management
Parent Company
Primary Office
  • 30 Vesey Street
  • 9th Floor
  • New York, NY 10007
  • United States
+1 (212) 000-0000

Packet Timeline

2017201820192020
Financing RoundCaptured Employee CountEstimated Employee Growth
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Packet Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Merger/Acquisition 12-Mar-2020 $335M 000.00 00000 Completed Generating Revenue
3. Early Stage VC (Series B) 11-Sep-2018 0000 000.00 00000 Completed Generating Revenue
2. Early Stage VC (Series A) 13-Sep-2016 $9.4M $11.1M 000.00 Completed Generating Revenue
1. Seed Round 01-Dec-2014 $1.7M $1.7M 00.00 Completed Generating Revenue

Packet Cap Table

To view Packet‘s complete cap table, request access >>
Stock # of Shares
Authorized
Par Value Dividend Rate ($) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series B 00,000,000 00.000000 00.00 00.00 00 00.00 000
Series A 0,000,000 00.000000 00 00 00 00 00.000
Seed 4,079,572 $0.000000 $1200 $0.43 $0.43 1x $0.43 9.65%

Packet Competitors (22)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing
Amount
Liquid Web Private Equity-Backed Lansing, MI 000 000000000 00
000000000000 Venture Capital-Backed New York, NY 000 00000 00000000000 00000
000000 0000000 Formerly PE-Backed Austin, TX 00 000 000000&0 000
000000000 Venture Capital-Backed Mosta, Malta 00000 00000
00000 Formerly VC-backed San Mateo, CA 00 0000 000000&0 0000

Packet Executive Team (13)

Name Title Board Seat Contact Info
Zachary Smith Managing Director, Bare Metal
Adam Rothschild Co-Founder & Senior Vice President, Network
Sam Machiz Senior Vice President, Product
Steve Callahan Senior Vice President, Sales
Nathan Goulding Senior Vice President, Strategy

2 Former Executives

Packet Board Members (6)

To view Packet‘s full board member team, request access >>
Name Representing Role Since
Daniel Docter Ph.D Dell Technologies Capital Board Member 000 0000
David Nishida Packet Board Member 000 0000
Phil Shevrin Packet Board Member 000 0000
Robert Schwartz Third Point Ventures Board Member 000 0000
Roman Mordkovich Packet Board Member 000 0000

Packet Former Investors (8)

To view Packet‘s full investor history, request access >>
Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Battery Ventures Venture Capital Minority 000 0000 000000 0
Blue Ant Investments Other Minority 000 0000 000000 0
David Wadler Angel (individual) Minority 000 0000 000000 0
Dell Technologies Capital Corporate Venture Capital Minority 000 0000 000000 0
JA Mitsui Leasing Corporation Minority 000 0000 000000 0

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