Pensando Systems was founded in 2017 by Luca Cafiero, Mario Mazzola, Mike Galles, Prem Jain, Soni Jiandani, and Vipin Jain, all former Cisco engineers. When asked about the possibility of acquisition 2019, CFO Randy Pond said "our aspirations at this point would be to IPO." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Pensando Systems offers a variety of powerful cloud computing products and solutions. Pensando has raised over $313 million in funding from investors including Hewlett Packard Enterprise, Lightspeed Venture Partners, Ericsson Ventures, Qualcomm Ventures, and Liberty Global Ventures. In a 2019 press release, the company stated their target of a $645 million post-money valuation, but having completed two additional rounds of funding since then, this number is likely higher.

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Is Pensando Systems a publicly traded company?

Pensando Systems became a public company following its M&A on 05/26/2022 and is now a publicly traded company.

To learn more about Pensando Systems potential IPO

Will Pensando Systems go IPO?

Pensando Systems became a public company following its M&A on 05/26/2022.

What is Pensando Systems’ IPO price?

The IPO price of Pensando Systems is not currently available.

When was Pensando Systems founded?

Pensando Systems was founded in 2017.

What is Pensando Systems funding to date?

Pensando Systems has raised $365MM to date.

Pensando Systems Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
08/02/2021 Series C-1 $17.5MM $xx.xx $2.12B Ericsson Ventures, Liberty Global Ventures, Qualcomm Ventures
Price per Share
$xx.xx
Shares Outstanding
3,500,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ericsson Ventures, Liberty Global Ventures, Qualcomm Ventures
08/02/2021 Series C-2 $17.5MM $xx.xx $2.12B Ericsson Ventures, Liberty Global Ventures, Qualcomm Ventures
Price per Share
$xx.xx
Shares Outstanding
3,500,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ericsson Ventures, Liberty Global Ventures, Qualcomm Ventures
11/10/2020 Series C-4 $26MM $xx.xx $730.33MM Qualcomm Ventures
Price per Share
$xx.xx
Shares Outstanding
13,000,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Qualcomm Ventures
11/10/2020 Series C-3 $26MM $xx.xx $730.33MM Qualcomm Ventures
Price per Share
$xx.xx
Shares Outstanding
13,000,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Qualcomm Ventures
10/16/2019 Series C $145MM $xx.xx $702.18MM Hewlett Packard Enterprise, Lightspeed Venture Partners
Price per Share
$xx.xx
Shares Outstanding
72,500,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Hewlett Packard Enterprise, Lightspeed Venture Partners
07/09/2018 Series B $62MM $xx.xx $301.5MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
49,600,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
04/02/2018 Series A $71MM $xx.xx $202.86MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
71,000,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
Updated on: Dec 22, 2024

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