When was Penguin Solutions founded?

Penguin Solutions was founded in 1998 and raised its 1st funding round 26 years after it was founded.

Where is Penguin Solutions located?

Penguin Solutions is headquartered in Fremont, United States.

How many employees does Penguin Solutions have?

As of Apr 30, 2026, the latest employee count at Penguin Solutions is 1884.

Is Penguin Solutions a funded company?

Penguin Solutions is a funded company, having raised a total of $***** in its 1st and only funding round, a Post IPO round on Dec 16, 2024.

When was the latest funding round of Penguin Solutions?

Penguin Solutions' latest funding was a $***** Post IPO round on Dec 16, 2024, with participation from 1 investor. Its primary sector is IT Services. In United States, the IT Services sector has seen $1.51B in funding in 2026 to date.

What is the annual revenue of Penguin Solutions?

Annual revenue of Penguin Solutions is $1.37B as on Aug 31, 2025.

Where does Penguin Solutions rank among its competitors?

Penguin Solutions ranks 295th amongst 122987 active competitors, of which 949 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Penguin Solutions, which secured $200M in Dec, 2024.

Who are the top competitors of Penguin Solutions?

Penguin Solutions' top competitors include IBM, UST and Mindtree. Among them, Penguin Solutions secured the most recent funding round in December, 2024.

Penguin Solutions - 2026 Company Profile, Funding, Competitors & Financials

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Penguin Solutions, Inc. CIN: 1616533 , United States, Active		$1.37B (As on Aug 31, 2025)	-	-

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 16, 2024	8046361	Post IPO	8736870	6843638	2284740	8747822

Penguin Solutions' employee count trend

Penguin Solutions has 1,884 employees as of Apr 26. Here is Penguin Solutions's employee count trend over the years:

Employee count trend for Penguin Solutions

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Top competitors of Penguin Solutions include IBM, UST and Mindtree. Here is the list of Top 10 competitors of Penguin Solutions, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IBM 1911, United States, Public	Provider of hybrid cloud, artificial intelligence, and consulting services	-	Berkshire Hathaway, Runway & 17 others	80/100
2nd	UST 1999, Aliso Viejo (United States), Late Stage	Provider of data analytics, cloud modernization, management strategy, and digital transformation services	$250M	Temasek, MFAR & 1 others	80/100
3rd	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Capital Group ... & 9 others	79/100
4th	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	79/100
5th	Accenture 1989, Dublin (Ireland), Public	Provider of IT consulting, technology, and outsourcing services	-	ngn-capital.com, Bondeinvest.com & 6 others	76/100
6th	Happiest Minds 2011, Bengaluru (India), Public	Provider of IT suite services	$64.8M	Canaan, Trident Trust & 40 others	76/100
7th	Infosys 1981, Bengaluru (India), Public	Provider of digital marketing, data analytics, and IT services	-	Seaside Private Capital, Nepean Capital & 1 others	75/100
8th	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	Back Bay Group, Orogen Group & 8 others	73/100
9th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	73/100
10th	Valtech 1993, Paris (France), Acquired	Provider of diversified application development, IT consulting, and digital transformation services	-	Verlinvest, Kharis Capital & 3 others	73/100
295th	Penguin Solutions 1998, Fremont (United States), Public	Provider of networking, cloud, AI, and IoT services	-	Siris Capital, SK Telecom	52/100

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Penguin Solutions has made no investments or acquisitions yet.

Media has covered Penguin Solutions for a total of 57 events in the last 1 year, 44 of them have been about company updates and 3 about people movement.