Total amount raised
$51 Millions
Latest funding date
11/01/2022
Location
Pangea has successfully raised $51 million over two funding rounds, with significant contributions from investors like Ballistic Ventures and Okta Ventures. The company specializes in providing security guardrails for AI applications, ensuring the integrity and safety of AI systems.
Keep reading to explore the intricacies of Pangea's fundraising journey and the investors backing this innovative platform.
What Is Pangea?
Pangea, founded in 2021 by Oliver Friedrichs and Sourabh Satish, is headquartered in Palo Alto, California. The company operates in the cloud infrastructure, cyber security, and developer APIs industries.
With an employee count ranging from 11 to 50, Pangea provides globally accessible and regionally intelligent services on AWS and GCP. The company is also known for its security solutions tailored for AI applications.
How Much Funding Has Pangea Raised?
- Series A
- Amount Raised: $25,000,000
- Date: May 2022
- Lead Investors: Ballistic Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were primarily aimed at product development, enabling Pangea to offer a comprehensive portfolio of API-based security services for application builders.
- Series B
- Amount Raised: $26,000,000
- Date: November 2022
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding was likely focused on market expansion and enhancing product offerings to increase market penetration.
Total Amount Raised: $51,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Ballistic Ventures
- Details: Ballistic Ventures is a venture capital firm that led Pangea's Series A funding round. They focus on investing in early-stage cybersecurity companies.
- Investment Focus Areas: Cybersecurity, technology startups, cloud infrastructure.
- Notable Investments: Pangea, [Other notable investments not available].
- SYN Ventures
- Details: SYN Ventures is a venture capital firm that participated in Pangea's Series A funding round. They specialize in cybersecurity investments.
- Investment Focus Areas: Cybersecurity, technology, cloud security.
- Notable Investments: [Notable investments not available].
- Godfrey Sullivan
- Details: Godfrey Sullivan is the former Chairman and CEO of Splunk. He has a strong background in leading technology companies.
- Investment Focus Areas: Cybersecurity, data analytics, enterprise software.
- Notable Investments: [Notable investments not available].
- George Kurtz
- Details: George Kurtz is the Founder and CEO of CrowdStrike, a leading cybersecurity company. He is a prominent figure in the cybersecurity industry.
- Investment Focus Areas: Cybersecurity, threat intelligence, cloud security.
- Notable Investments: [Notable investments not available].
- Dan Plastina
- Details: Dan Plastina is the former VP of AWS Security Products. He has extensive experience in cloud security and product development.
- Investment Focus Areas: Cloud security, cybersecurity, technology startups.
- Notable Investments: [Notable investments not available].
What's Next for Pangea?
As Pangea looks to the future, the company is poised to capitalize on the growing demand for secure cloud and mobile applications. With a comprehensive portfolio of API-based security services, Pangea aims to simplify the integration of security and compliance features for application builders. The meteoric rise of cloud-based applications presents a vast market opportunity, allowing Pangea to target a broad range of organizations, from SaaS platform providers to security operations centers.
Given the successful Series A funding and the involvement of high-profile investors, Pangea is well-positioned for future fundraising rounds. These additional funds could further expand their service offerings and market reach. However, the company will need to navigate challenges such as competition from other cybersecurity firms and the need to continuously innovate to stay ahead in the rapidly evolving cybersecurity landscape.
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