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Hewlett Packard : Data Stream Network PubNub Raises $23 Million

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04/16/2019 | 11:32am EDT

San Francisco-based data stream network (DSN) company PubNub announced it has secured $23 million in Series D funding. Including this round, PubNub raised a total of $70 million. New strategic investor Hewlett Packard Enterprise and existing investor Relay Ventures were involved in this round. In conjunction with this round, Sapphire Ventures president and managing director Jai Das is joining PubNubs board of directors.

Todays apps are delivering connected shared experiences including live chatting, ride sharing, delivery, enterprise collaboration, and social gaming. And PubNubs real-time messaging and edge computing platform is used by thousands of companies to power these products. And PubNub has a mission to connect every device in the world and deliver large scale real-time experiences on mobile devices, the web, and Internet of Things devices.

Connected shared experiences are at the heart of the worlds most exciting transformations, changing every aspect of peoples lives, said PubNub CEO and co-founder Todd Greene. We are thankful for a world-class investment team that continues to share our vision, and are delighted to welcome the strategic thinkers and innovators of HPE into the fold.

Prior to launching PubNub, Greene used was also the co-founder of Loyalize and Trusted Opinion. And Greene also founded CascadeWorks in 1999 and sold it to Elance in 2003. And PubNub CTO Stephen Blum was previously the lead systems architect at Loyalize. Before that, he was a lead software developer at Microsoft and the founder of LTS Yavo.

This new funding round is going to be used for accelerating the companys growth internationally and capitalize on growing demand especially in emerging markets.

Edge computing and real-time technologies will be at the heart of the next wave of technology innovation, added Vishal Lall, the COO of Aruba which is a Hewlett Packard Enterprise company. PubNubs global Data Stream Network has demonstrated extensive accomplishments powering both enterprise and consumer solutions. HPE is thrilled to be investing in PubNubs fast-growing success, and to accelerate the commercial and industrial applications of PubNubs realtime platform.

Last year, PubNub saw rapid growth. For example, the company expanded its executive team and delivered strong revenue growth. And its global infrastructure expanded to deliver over than 1.3 trillion messages monthly. Plus the companys partnerships with the largest cloud, software, and networking providers further grew PubNubs reach. Plus PubNub is going to accelerate its growth this year with multiple sales and R&D offices opening throughout Q2 and Q3 this year.

(c) 2019 News of Bahrain Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 30 798 M
EBIT 2019 2 730 M
Net income 2019 1 288 M
Debt 2019 9 003 M
Yield 2019 2,77%
P/E ratio 2019 15,99
P/E ratio 2020 13,21
EV / Sales 2019 1,03x
EV / Sales 2020 1,04x
Capitalization 22 735 M
Duration : Period :
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Technical analysis trends HEWLETT PACKARD ENTERPRISE
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Income Statement Evolution
Mean consensus HOLD
Number of Analysts 21
Average target price 17,9 $
Spread / Average Target 8,0%
EPS Revisions
Antonio Fabio Neri President, Chief Executive Officer & Director
Patricia Fiorello Russo Chairman
Tarek A. Robbiati Chief Financial Officer & Executive Vice President
Archana Deskus Chief Information Officer
Mark R. Potter CTO & Director-Hewlett Packard Labs
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