Total amount raised
$134.1 Millions
Latest funding date
11/01/2021
Location
PubNub has successfully raised funds through multiple rounds, with the latest being a Series E round closed on November 4, 2021. The company has garnered support from 17 investors, including The Raine Group and HPE Growth.
Keep reading to explore the intricacies of PubNub's fundraising journey and the investors backing this innovative platform.
What Is PubNub?
PubNub, founded in 2010 by Stephen Blum and Todd Greene, is headquartered in San Francisco, California. The company specializes in providing a secure global Data Stream Network (DSN) and easy-to-use API for real-time applications and IoT devices.
PubNub's platform enables developers to build and scale real-time apps with features like chat, live audience engagement, and device control. They offer over 70 SDKs and ensure 250ms worldwide data transfer times, supporting scalability for hundreds of millions of devices.
With a team of 101-250 employees, PubNub continues to innovate in the realm of real-time messaging, decision intelligence, and global network infrastructure, helping businesses optimize their interactive applications.
How Much Funding Has PubNub Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 18, 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of PubNub's real-time messaging platform.
- Series A
- Amount Raised: $4.5M
- Date: March 21, 2012
- Lead Investors: Relay Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $10.6M
- Date: September 17, 2013
- Lead Investors: Scale Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and increase market penetration.
- Series C
- Amount Raised: $25M
- Date: September 21, 2015
- Lead Investors: Sapphire Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance infrastructure and support a growing customer base.
- Venture Round
- Amount Raised: $6M
- Date: September 12, 2016
- Lead Investors: Cisco Investments, Ericsson
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To integrate with strategic partners and expand technological capabilities.
- Series D
- Amount Raised: $23M
- Date: April 9, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Estimated at around $220M
- Motivation Behind the Round: To further develop the platform and expand into new markets.
- Series E
- Amount Raised: $65M
- Date: November 4, 2021
- Lead Investors: The Raine Group
- Valuation at Round: Much higher than $220M (exact figure not disclosed)
- Motivation Behind the Round: To expand platform functionality and open a new office in Singapore.
Total Amount Raised: $134.1M
Current Valuation: Not publicly disclosed
Key Investors
- The Raine Group
- Details: The Raine Group is a global merchant bank focused on technology, media, and telecommunications. They have a strong track record in M&A and investment activities.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: Apple, Tencent, ByteDance
- Cisco Investments
- Details: Cisco Investments is the venture capital arm of Cisco Systems, focusing on strategic investments in innovative technology companies. They aim to drive growth and innovation in the tech industry.
- Investment Focus Areas: Networking, cybersecurity, cloud computing
- Notable Investments: Not publicly disclosed
- Ericsson
- Details: Ericsson is a multinational networking and telecommunications company headquartered in Sweden. They provide infrastructure, services, and software to the telecom industry.
- Investment Focus Areas: Telecommunications, IoT, 5G technology
- Notable Investments: Not publicly disclosed
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that invests in growth-stage technology companies. They support companies with capital, resources, and expertise to scale their businesses.
- Investment Focus Areas: Enterprise software, fintech, digital health
- Notable Investments: Not publicly disclosed
- Scale Venture Partners
- Details: Scale Venture Partners is a venture capital firm that focuses on early-stage technology companies. They help startups scale their operations and achieve market success.
- Investment Focus Areas: SaaS, cloud computing, digital media
- Notable Investments: Not publicly disclosed
What's Next for PubNub?
PubNub's future looks promising with significant opportunities for growth. The company plans to expand its platform functionality and open a new office in Singapore, tapping into the Asia Pacific market. With APIs already used across 600 million devices in over 70 countries, the potential for further market penetration is immense.
Future fundraising opportunities seem likely, especially with the involvement of investors like Raine Group, who bring extensive networks and experience in M&A deals. This could pave the way for additional capital to support PubNub's ambitious expansion plans.
However, challenges such as information overload and competition from other API-based messaging services like Twilio and Google's Firebase could pose hurdles. Staying ahead in compliance with regional data protection rules will also be crucial for sustained growth.
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