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.
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
|