When was Packet founded?

Packet was founded in 2014 and raised its 1st funding round within a year of its incorporation.

Where is Packet located?

Packet is headquartered in New York City, United States.

Who is the current CEO of Packet?

Zachary Smith of Packet. They have also founded 1 company and are angel investors in 4 startups, including Ldger and packethost.net.

Is Packet a funded company?

Packet is a funded company, having raised a total of $36.1M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2014.

When was the latest funding round of Packet?

Packet's latest funding was a $***** Series B round on Sep 11, 2018, with participation from 6 investors.

Where does Packet rank among its competitors?

Packet ranks 39th amongst 369 active competitors, of which 38 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was CoreWeave, which secured $1B in Apr, 2026.

Who are the top competitors of Packet?

Packet's top competitors include Oracle, IBM and Dell. Among them, CoreWeave secured the most recent funding round in April, 2026.

Packet - 2026 Company Profile, Team, Funding & Competitors

Q: Is Packet an acquired company?

Packet got acquired by Equinix on Jan 14, 2020.

Company Details

Provider of a cloud and edge based data orchestration and security platform. It provides a platform for the deployment of edge applications and solutions. It also provides deployment, characteristics, and product development of sites. The features of the product include automation, integration, storage, etc. The features of the product include cost optimization and automation of single tenant infrastructure, etc.

Website: packet.com
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Email ID: *****@packet.com
Part Of

Key Metrics

Founded Year

2014

Location

New York City, United States

Stage

Acquired

Total Funding

$36.1M in 4 rounds

Latest Funding Round

Series B, Sep 11, 2018, $*****

Investors

Third Point Ventures & 6 more

Ranked

39^th among 369 active competitors

Similar Companies

Render & 269 more

Exit Details

Acquired by Equinix (Jan 14, 2020)

View Packet's full profile

Packet got acquired by Equinix on Jan 14, 2020 at an acquisition amount of $*****.

Click here to take a look at Packet's acquisition in detail

Packet has raised a total funding of $36.1M over 4 rounds. Its first funding round was on 2014. Its latest funding round was a Series B round on Sep 11, 2018 for $*****. 6 investors participated in its latest round. Packet has 7 institutional investors.

Here is the list of recent funding rounds of Packet:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 11, 2018	8816815	Series B	9160692	7819381	7293550	5501610
Aug 12, 2016	2378608	Series A	8274931	9997711	2526687	8682441
May 23, 2016	3446007	Conventional Debt	8733077	9881710	7015860	6193318

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View details of Packet's funding rounds and investors

The founders of Packet are Zachary Smith and Jacob Smith.

Here are the details of Packet's key team members:

Zachary Smith: Co-Founder & CEO of Packet and founder of 4 other companies, including Ldger, packethost.net and Packet. They are also an angel investor in 4 startups.
Jacob Smith: Co-Founder & VP of Packet and founder of 2 other companies, packethost.net and Packet. They are also an angel investor in 2 startups and serve on the board of 1 company.
Contact Info: 1 email address

View details of Packet's Founder profiles and Board Members

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Top competitors of Packet include Oracle, IBM and Dell. Here is the list of Top 10 competitors of Packet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Oracle 1977, Austin (United States), Public	Provider of cloud-based enterprise software solutions for applications, platform, and infrastructure management	-	EGI Booster, rifvc.com & 32 others	83/100
2nd	IBM 1911, Armonk (United States), Public	Provider of hybrid cloud, artificial intelligence, and IT consulting services	-	Berkshire Hathaway, Runway & 22 others	81/100
3rd	Dell 1984, Round Rock (United States), Public	Provider of enterprise servers and cloud solutions	-	CampVentures, RBC Capital Markets & 11 others	81/100
4th	DigitalOcean 2011, New York City (United States), Public	Provider of cloud infrastructure, virtual machines, and managed database hosting	$174M	Access Industries, Andreessen Horowitz & 46 others	80/100
5th	Render 2018, San Francisco (United States), Series C	Unified cloud platform for building, deploying, and managing scalable web applications	$258M	Georgian, General Catalyst & 10 others	79/100
6th	OVHcloud 1999, Reston (United States), Public	Provider of bare metal servers, virtual private servers, and cloud solutions	$279M	TowerBrook, KKR & 8 others	79/100
7th	Hewlett Packard Enterprise 2015, Houston (United States), Public	Provider of edge-to-cloud solutions, products, and services for enterprise organizations	-	Kleiner Perkins, Draper Athena & 2 others	78/100
8th	Kingsoft Cloud 2012, Haidian (China), Public	Provider of cloud computing infrastructure, data storage, and AI solutions	$768M	China Merchants Securities, Xiaomi & 10 others	77/100
9th	CoreWeave 2017, Livingston (United States), Public	Provider of cloud computing services for artificial intelligence workloads	$2.38B	Magnetar, Fidelity Investments & 37 others	75/100
10th	Alibaba Cloud 2009, Hangzhou (China), Unfunded	Hybrid cloud and business intelligence platform for enterprises	-	-	70/100
39th	Packet 2014, New York City (United States), Acquired	Provider of a cloud and edge based data orchestration and security platform	$36.1M	SoftBank, SoftBank Group & 5 others	49/100