Packet sells a customizable bare-metal cloud platform that lets customers choose specific hardware (Intel, ARM, AMD, and NVIDIA GPUs) and open-source software stacks. Each customer receives a single-tenant private bare-metal instance housed in Packet’s data centers while Packet manages configuration and upkeep. The company operates 18 locations today and plans to add 50 more, increasing its geographic footprint. Packet was launched in 2014 and is headquartered in New York City with offices in Palo Alto and a planned operations center in Dallas. The team is roughly 50 employees today and expects headcount to grow to about 100 over the next year. Financially, Packet has been venture-backed and has raised funding rounds totaling more than $36 million to date. Packet provides proprietary technology that automates physical servers and networks without the use of virtualization or multi-tenancy to deliver on-demand compute and connectivity. The company targets developers, SaaS platforms and large enterprises with use cases ranging from on-demand private clouds to cloud-native platforms built with Docker, Kubernetes and Mesos. Packet operates public cloud datacenters in New York, Silicon Valley and Amsterdam and is entering Asia’s cloud market. Since launching in August 2015, Packet has attracted thousands of users across a broad range of use cases. The company intends to use recent funding to expand in the global cloud marketplace and bring its infrastructure automation expertise to private datacenters. Packet was founded in 2014 by CEO Zachary Smith and is based in New York City.

Total raised

$34M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2018