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.
|Date||Funding Round||Funding Raised||Price per Share||IPO Valuation|
|8/2/2021||Series C-1 and C-2||$35MM raised||$XXX.XX||$XXX.XX|
|11/10/2020||Series C-3 and C-4||$52MM raised||$XXX.XX||$XXX.XX|
|10/16/2019||Series C||$145MM raised||$XXX.XX||$XXX.XX|
|7/9/2018||Series B||$62MM raised||$XXX.XX||$XXX.XX|
|4/2/2018||Series A||$71MM raised||$XXX.XX||$XXX.XX|