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Austin, Texas, United States
NetSuite is actually a software product rather than a company. It is a cloud-based enterprise resource planning (ERP) system that helps businesses manage their financials, operations, and customer relationships. The product was originally developed by NetSuite Inc., a software company founded in 1998 by Evan Goldberg. In 2016, Oracle Corporation acquired NetSuite Inc. and now owns and operates the NetSuite product as part of its suite of enterprise software solutions.
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In 2015, NetSuite's revenue reached $741.1M. Since its launch in 1998, NetSuite has shown consistent revenue growth.
NetSuite reached a $9.3B valuation in 2015, set during its Acquired round.
NetSuite has raised $157.8M in total funding across 8 rounds, most recently a $17.9M Secondary Market round in 2007.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2015 | Acquired | - | $9.3B | - | |
| 2007 | Secondary Market | $17.9M | - |
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NetSuite serves 24K customers.
NetSuite employs approximately 18.9K people as of 2026, up from 15.8K in 2019, including 3K sales reps that carry a quota. It serves 24K customers that rely on its solutions.
NetSuite generates $741.1M in revenue.
The CEO of NetSuite is Evan Goldberg.
NetSuite raised $157.8M across 8 rounds.
NetSuite has 18.9K employees.
NetSuite is headquartered in Austin, Texas, United States.
NetSuite operates across multiple industries. Browse revenue, funding, and growth data for NetSuite in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$9.3B
2015 Revenue
$741.1M
Customers
24K
Funding
$157.8M
Avg ACV
$30.9K
Team · 2020
18.9K
Founded
1998
| Year | Milestone | Source |
|---|---|---|
| 2015 | NetSuite Hit $741.1m revenue in December 2015 | |
| 1998 | Launched with $0 revenue |
| - |
| 2006 | Debt Financing | $20M | - | - |
| 2005 | Series H | $15M | - | - |
| 2004 | Series G | $19.9M | - | - |
| 2003 | Series F | $15M | - | - |
| 2002 | Series E | $20M | - | - |
| 2001 | Series D | $30M | - | - |
| 2000 | Series C | $20M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2020 | Reached 18.9K employees (December 2020) | |
| 2020 | Reached 1K employees (August 2020) | |
| 2020 | Reached 18K employees (June 2020) | |
| 2019 | Reached 15.8K employees (December 2019) |
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