PubNub Closes $23M Funding To Accelerate Global Adoption Of Data Stream Net
Press Release

PubNub Closes $23M Funding To Accelerate Global Adoption Of Data Stream Network

The company aims to deliver large-scale real-time experiences on Mobile, Web, and IoT.

https://dk2dyle8k4h9a.cloudfront.net/PubNub Closes $23M Funding To Accelerate Global Adoption Of Data Stream Network

PubNub, the company behind the world’s leading real-time Data Stream Network (DSN), today announced it has secured $23 million in Series D funding, adding strategic investor Hewlett Packard Enterprise (HPE) to the strong stable of Venture Capital and industry heavyweights backing its mission.

Jai Das, President and Managing Director of Sapphire Ventures, joins the PubNub Board of Directors. With full participation from all existing investors, this new round brings the company’s total funding amount to approximately $70 million.

Around the world, a revolution is occurring. Apps that deliver connected shared experiences, like live chat, rideshare, delivery, enterprise collaboration, device monitoring/control, and social gaming are changing the way that people travel, eat, work, shop, and play.  

PubNub’s real-time messaging and edge computing platform is used by thousands of companies to power these products. The new funding will be used to accelerate the company’s growth internationally, capitalizing on this growing demand, especially in emerging markets.  

Vishal Lall, COO of Aruba, a Hewlett Packard Enterprise company commented,

PubNub Closes $23M Funding

 

The year 2018 saw strong growth for PubNub.  An expanded executive team helped deliver strong revenue growth, while its global infrastructure expanded to deliver more than 1.3 trillion messages monthly (more than twice the world’s global SMS traffic).  

Partnerships with the largest cloud, software, and networking providers further grew PubNub’s reach.  PubNub will accelerate its growth in 2019, with multiple sales and R&D offices opening throughout Q2 and Q3 this year.

Todd Greene, CEO and Co-founder of PubNub, said,

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MAD Team
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