Penguin Solutions raised $200M in a convertible note from SK Telecom to enhance its capabilities and expand its AI factory offerings.
Amount Raised
$200 Million
Round Type
Convertible Note
FremontInformation TechnologySoftwareArtificial IntelligenceSportsConsultingInvestors
Description
Penguin Solutions, Inc. announced the closing of a $200 million strategic investment from SK Telecom. The investment involves the acquisition of convertible preferred shares that may convert into ordinary shares, indicating a potential future stake for SK Telecom in Penguin Solutions.
Quick answer
Penguin Solutions raised $200 Million in a Convertible Note round, dated December 16, 2024. Investors: SK Telecom. Penguin Solutions is based in Fremont, California, United States.
- How much did Penguin Solutions raise?
- Penguin Solutions raised $200 Million in a Convertible Note round on December 16, 2024.
- Who invested in Penguin Solutions?
- SK Telecom is named as investors in this round.
- What does Penguin Solutions do?
- The Penguin Solutions™ portfolio, which includes Penguin Computing™ and Penguin Edge™, accelerates customers’ digital transformation with the power of emerging technologies in HPC, AI, and IoT with solutions and..
- Where is Penguin Solutions based and how big is it?
- Penguin Solutions is based in Fremont, California, United States.
- Who are the decision-makers at Penguin Solutions?
- Fundz holds 2 contacts at Penguin Solutions. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Sports and Consulting around the same time
Companies in the same sectors as Penguin Solutions that raised within 45 days of this round, from Fundz verified event records.
- Cursor raised $105M (Funding Round) on January 15, 2025.
- Martin raised $2M (Seed) on January 30, 2025.
- Chatberry raised $267K (Pre-Seed) on January 30, 2025.
- Kodesage raised $2.4M (Pre-Seed) on January 30, 2025.
- Perspective AI raised $4M (Seed) on January 30, 2025.
- Breakevent raised $913K (Seed) on January 30, 2025.
Who to call at Penguin Solutions, and when
A new round usually means Penguin Solutions is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Penguin Solutions raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Penguin Solutions, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Penguin Solutions. With Fundz connected, it knows.
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Fundz sees it the moment Penguin Solutions raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Penguin Solutions raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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