Petuum Valuation, Funding & Investors
Petuum is valued at $60M as of November 2016.
Last Petuum valuation
$60M
Series A · Nov 2016
Last Petuum funding round
$93M
Series B · Oct 2017
Cumulative funding Petuum raised
$108M
across 2 funding rounds
Key investors in Petuum
Advantech Capital
SoftBank Group
Tencent
Northern Light Venture Capital
Oriza Ventures
About Petuum
Petuum is a Pittsburgh-headquartered AI software company delivering the Petuum Symphony platform for distributed machine learning and deep learning workflows. The platform supports industries including manufacturing, healthcare, and finance with no-code tools for predictive maintenance, drug discovery, and fraud detection. Petuum integrates with any data source and programming language for scalable AI deployment.
Founded
2016
HQ
Pittsburgh, PAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$60M (Nov 2016)
Petuum Valuation
Petuum is currently valued at $60M, based on its Series A in November 2016.
The $15M round was led by Advantech Capital, with participation from Northern Light Venture Capital, Oriza Ventures and Tencent.
Petuum valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2016 | Series A | $60M |
Petuum Funding History
Petuum has raised a total of $108M across 2 funding rounds.
Petuum's first fundraising round was a $15M Series A in November 2016. The most recent completed round was a $93M Series B in October 2017.
Petuum funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2017 | Series B | SoftBank Group (lead); Advantech Capital | $93M | - | Petuum, a Pittsburgh-based Carnegie Mellon University spinoff founded in 2016 by Dr. Eric Xing, Dr. Qirong Ho, and Dr. Ning Li, develops a machine learning infrastructure platform. The platform acts as a flexible operating system and virtualization interface, enabling users to build, deploy, and manage machine learning and deep learning applications at scale across enterprise hardware like datacenters and IoT devices from a single terminal. It simplifies complex ML programming for non-experts, standardizes fragmented frameworks, and targets industries with high AI potential but low adoption, such as manufacturing and healthcare. On October 10, 2017, Petuum closed a $93 million Series B funding round led by a SoftBank Group Corp. subsidiary, with participation from prior investor Advantech Capital, bringing total funding to $108 million. The investment positions Petuum among the best-funded early-stage AI startups. SoftBank Managing Partner Deep Nishar highlighted the platform's potential to unlock AI value across industries. Funds will expand technical and business teams, enhance PetuumOS development, and focus on deployments in healthcare (e.g., using electronic medical records for disease diagnosis) and manufacturing. At the time, Petuum had around 70 employees and was engaging beta testers across industries while prioritizing healthcare and fintech initially. The company differentiates by automating data preparation and model selection, aiding novices with frameworks like TensorFlow. Despite competition from giants like Google and Amazon, Petuum leverages strong capitalization and Pittsburgh's talent pool from CMU to build in product, sales, and marketing. |
| Nov 2016 | Series A | Advantech Capital (lead); Northern Light Venture Capital; Oriza Ventures; Tencent | $15M | $60M | Petuum is a Pittsburgh-based startup, spun out from Carnegie Mellon University, developing an artificial intelligence and machine learning platform for applications including deep learning, predictive analytics, natural language processing, image and video understanding, and anomaly detection. The platform processes and integrates data from diverse sources such as social media, electronic health records, and IoT sensors, enabling enterprise teams to deploy AI/ML solutions across industries like healthcare and fintech. On November 16, 2016, Petuum closed a $15 million Series A funding round led by Advantech Capital, with participation from Northern Light Venture Capital, Oriza Ventures, and Tencent. The post-money valuation for this round was $60.04 million. Proceeds supported hiring up to 50 employees over the next six months and launching initial products, including a healthcare tool for analyzing electronic medical records to predict disease risk and readmission rates, with market availability planned for early 2017. Petuum demonstrated early traction as a well-funded AI startup, raising a total of $108 million across two rounds by October 2017, including a $93 million Series B led by SoftBank with Advantech Capital participation. The company focused on industries with high AI potential but low adoption, such as manufacturing and healthcare, while expanding its technical, business, sales, and marketing teams to over 70 employees. |
Who has invested in Petuum?
5 investors have backed Petuum across its funding rounds, including Advantech Capital, SoftBank Group, Tencent, Northern Light Venture Capital and Oriza Ventures.
Lead investors include SoftBank Group and Advantech Capital.
Petuum Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Hong Kong | 2 | Lead | Nov 2016 | |
 Beijing | 1 | Participant | Nov 2016 | |
 Tokyo | 1 | Lead | Oct 2017 | |
This data is available for Pro users. Sign up to see all 5 Petuum investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialPetuum Competitors
Petuum competitors include listed companies like Redwood AI, Airship AI, Brand Engagement Network and WiseNut, and private ones like percipient.ai and MemGPT.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Canada | Publicly listed | - | ($385K) | $44M | - | |
| San Jose, CA | Private | - | - | $59M | - | |
| United States | Publicly listed | $15M | ($5M) | $67M | 3.6x | |
| United States | Publicly listed | $275K | ($4M) | $53M | - | |
 South Korea | Publicly listed | $25M | $771K | $52M | 0.5x | |
| San Francisco, CA | Private | - | - | $70M | - |
Petuum Public Comps
Petuum is still privately-owned, but its public comps include Airship AI, Brand Engagement Network, WiseNut, Maum AI, Elliptic Laboratories, Razor Labs, Railtown AI Technologies, Decidr AI, SCX.ai and GuideAI Health.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $15M | ($5M) | 3.6x | 3.6x | (10.7x) | (9.9x) | |||
| $275K | ($4M) | 196.3x | - | (12.9x) | - | |||
| $25M | $771K | 0.7x | 0.5x | 24.1x | - | |||
| $7M | ($3M) | 7.8x | - | (17.3x) | - | |||
| $11M | ($4M) | 4.2x | 4.3x | (12.1x) | (65.6x) | |||
| $11M | ($5M) | 5.2x | - | (13.2x) | - | |||
| - | ($4M) | - | - | (11.3x) | - | |||
| $2M | ($13M) | 39.4x | 12.2x | (5.2x) | (4.6x) | |||
This data is available for Pro users. Sign up to see all Petuum competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Petuum
| When was Petuum founded? | Petuum was founded in 2016. |
| Where is Petuum headquartered? | Petuum is headquartered in Pittsburgh, PA, United States. |
| Is Petuum publicly listed? | No, Petuum is a private, VC-backed company. |
| What is Petuum's valuation? | Petuum was last valued at $60M in its Series A in November 2016. |
| How much funding has Petuum raised? | Petuum has raised $108M across 2 funding rounds. |
| What was Petuum's last funding round? | Petuum's last funding round was a $93M Series B in October 2017, led by SoftBank Group. |
| Who are Petuum's investors? | Petuum's investors include Advantech Capital, Northern Light Venture Capital, SoftBank Group, Oriza Ventures and Tencent. |
| Which companies are comparable to Petuum? | Companies comparable to Petuum include Redwood AI, percipient.ai, Airship AI, Brand Engagement Network, WiseNut and MemGPT. |
See companies similar to Petuum
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.