Packet
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $1.3m | Seed | |
N/A | $1.7m | Seed | |
N/A | $500k | Seed | |
$9.4m | Series A | ||
$25.0m | Series B | ||
N/A | Acquisition | ||
Total Funding | $37.9m |
Recent News about Packet
EditPacket, a leading provider in the bare metal cloud industry, offers robust infrastructure solutions designed to meet the needs of enterprises and developers alike. Operating under the umbrella of Equinix, Packet specializes in delivering powerful, secure bare metal servers that can be rapidly deployed across seven global locations. The company serves a diverse client base, including large enterprises, tech startups, and developers who require high-performance computing resources without the overhead of managing physical hardware.
Packet's business model revolves around providing on-demand access to bare metal servers, which are physical servers dedicated to a single tenant. This model ensures maximum performance and security, making it an attractive option for businesses with stringent compliance and performance requirements. Revenue is generated through a subscription-based model, where clients pay for the compute resources they use, along with additional services such as managed support and advanced networking features.
Packet operates in the competitive cloud infrastructure market, positioning itself as a key player by emphasizing the advantages of bare metal over traditional virtualized cloud environments. The company's platform is particularly appealing to clients who need low-latency, high-performance computing, such as those in the financial services, gaming, and artificial intelligence sectors.
In addition to its core offerings, Packet has also open-sourced Tinkerbell, a flexible bare metal provisioning and workflow engine, further solidifying its commitment to innovation and community engagement.
Keywords: bare metal cloud, enterprise solutions, developer-friendly, global deployment, high-performance computing, secure infrastructure, subscription model, Equinix, Tinkerbell, open-source.