# Petuum funding: rounds and investors

> Petuum has raised $108M across 2 rounds since 2016. Investors include Advantech Capital and SoftBank/ Advantech. Every round with its source.

Source: https://millionrounds.com/company/petuum (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Petuum*

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Education

Funding summary Updated 26 Oct 2026

**$108M** raised across 2 rounds since 2016, from 2 sources

**$15M** Series A **$93M** Series B

- **Latest round:** Series B, $93M Oct 2017
- **Step-up i:** 6.2×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2017

**$15M** Series A

**$93M** Series B

- **First round:** Series A, $15M
- **Biggest round:** $93M
- **Between rounds:** 11 months

## The rounds

- **Oct 2017** Series B **$93M** *1 new* SoftBank/ Advantech Reported by FinSMEs SEC filing: $93M sold, first sale Oct 2017
- **Nov 2016** Series A **$15M** *1 new* [Advantech Capital](https://millionrounds.com/fund/advantech-capital) Reported by FinSMEs

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2016 **Series B** 2017 [Advantech Capital](https://millionrounds.com/fund/advantech-capital) SoftBank/ Advantech

## Everyone who backed them

[Advantech Capital](https://millionrounds.com/fund/advantech-capital) Private equity **1** round

SoftBank/ Advantech no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=petuum).

## Quick answers about Petuum

### Who invested in Petuum?

Petuum's investors include Advantech Capital and SoftBank/ Advantech.

### How much has Petuum raised?

Petuum has raised $108M across 2 rounds since 2016.

### When did Petuum last raise?

Petuum's most recent round was a Series B of $93M in Oct 2017.

### What was Petuum's biggest round?

Its most recent round, $93M in Oct 2017, is also its largest on record.

### Who backed Petuum first?

Petuum's first round on record, in Nov 2016, was backed by Advantech Capital.

### What stage is Petuum at?

Petuum's latest named round is a Series B, in Oct 2017.

### Where is Petuum based?

Petuum is based in the United States.

## Companies like Petuum

In the same sector, and raised in the last eighteen months.

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