When was PSINet founded?

PSINet was founded in 1989 and raised its 1st funding round 11 years after it was founded.

Where is PSINet located?

PSINet is headquartered in Herndon, United States.

Is PSINet a funded company?

PSINet is a funded company, having raised a total of $***** in its 1st and only funding round, a Series D round on Jan 2000.

When was the latest funding round of PSINet?

PSINet's latest funding was a $***** Series D round on Jan 2000, with participation from 0 investor. Its primary sector is Telecom Operators. In United States, the Telecom Operators sector has seen $1.5B in funding in 2026 to date.

Where does PSINet rank among its competitors?

PSINet ranks 170th amongst 1848 active competitors, of which 41 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Vodafone, which secured $2M in Jan, 2025.

Who are the top competitors of PSINet?

PSINet's top competitors include T-Mobile, AT&T and Verizon. Among them, Vodafone secured the most recent funding round in January, 2025.

PSINet - 2026 Company Profile, Team, Funding & Competitors

Q: Is PSINet an acquired company?

PSINet got acquired by Cogent on Apr 02, 2002.

PSINet is an acquired company based in Herndon (United States), founded in 1989 by Martin Schoffstall. It operates as an internet service provider using DSL technology. PSINet has raised $700M in funding. The company has 1848 active competitors, including 41 funded and 320 that have exited. Its top competitors include companies like T-Mobile, AT&T and Verizon.

Company Details

PSINet is one of the first companies to commercialize internet service. It had operations in US, Canada, and Europe. It acquired 75 companies during the consolidation stage of the industry. Had 400 offices in 30 countries. Its US assets were acquired by Cogent Communications in 2002, whereas TELUS Communications acquired Canada assets, Interoute acquired Europe and Telstra took the UK business.

Website: psinet.com
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Key Metrics

Founded Year

1989

Location

Herndon, United States

Stage

Acquired

Total Funding

$700M in 1 round

Latest Funding Round

Series D, Jan 2000, $*****

Investors

Bessemer Venture Partners & 2 more

Ranked

170^th among 1848 active competitors

Investment & Acquisitions

JustGiving & 2 more

Similar Companies

Bezeq & 1608 more

Exit Details

Acquired by Cogent (Apr 02, 2002)

View PSINet's full profile

PSINet got acquired by Cogent on Apr 02, 2002 at an acquisition amount of $*****.

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

PSINet has raised a total funding of $700M over 1 round. PSINet has 3 institutional investors.

Here is the list of recent funding rounds of PSINet:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 2000	3371123	Series D	2139106	7833686	4909354	4963776

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View details of PSINet's funding rounds and investors

The founders of PSINet is Martin Schoffstall.

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

Martin Schoffstall: Co-Founder & CTO of PSINet.

View details of PSINet's Founder profiles and Board Members

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Top competitors of PSINet include T-Mobile, AT&T and Verizon. Here is the list of Top 10 competitors of PSINet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	T-Mobile 1994, Bellevue (United States), Public	Provider of mobile telecommunication services	-	Alcor Fund, Commerzbank & 16 others	82/100
2nd	AT&T 1876, Dallas (United States), Public	Provider of wireless and internet services	-	Elliott Management, Seaside Private Capital ... & 13 others	79/100
3rd	Verizon 1983, New York City (United States), Public	Provider of wireless, internet, TV, and phone services	-	Berkshire Hathaway, Black Capital Investments ... & 17 others	78/100
4th	Telecom Italia 1994, Rome (Italy), Public	Integrated telecom service provider	-	Elliott Management, CDP Equity & 3 others	78/100
5th	Vodafone 1982, Newbury (United Kingdom), Public	Virtual card-linked wallet for consumer payments	-	Elliott Management, Liberty Global & 12 others	77/100
6th	Cox Communications 1962, Atlanta (United States), Acquired	Provider of internet, TV, and webmail services	-	Coral Capital Management, Tyson Ventures	74/100
7th	Spectrum 1993, Stamford (United States), Public	Cable TV, broadband and telephony services provider in the US	-	Point Financial, SoftBank Group & 15 others	73/100
8th	Century Link 1930, Monroe (United States), Public	Provider of residential and business communication services, including internet, TV, and phone	$20M	Temasek, Welsh, Carson, Anderson & Stowe & 3 others	72/100
9th	Comcast 1963, Philadelphia (United States), Public	Provider of phone, internet, and television services	-	JANA Partners, Kleiner Perkins	72/100
10th	Orange 1988, Issy les Moulineaux (France), Acquired	French Telecommunication major	-	BICICI, Runway & 12 others	71/100
170th	PSINet 1989, Herndon (United States), Acquired	internet service provider using DSL technology	$700M	Bessemer Venture Partners, Sigma Partners ... & 1 others	38/100

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PSINet has made 3 investments including JustGiving, Authentica and Marathon Technologies. PSINet has not made any acquisitions as of now.

Here is the list of its investments:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 06, 2001	Investments	JustGiving	2000	London (United Kingdom)
May 23, 2000	Investments	Authentica	1998	Lexington (United States)
May 08, 2000	Investments	Marathon Technologies	1993	Littleton (United States)