NetSuite
Austin, Texas, United States
Acquired For
$9.3B
2015 Revenue
$741.1M
Customers
24K
Funding
$157.8M
Avg ACV
$30.9K
Team · 2020
18.9K
Founded
1998
NetSuite Revenue, Valuation & Funding (2015)
NetSuite generated $741.1M in revenue in 2015.
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.
Last updated
NetSuite Revenue
In 2015, NetSuite's revenue reached $741.1M.
| Year | Milestone | Source |
|---|---|---|
| 2015 | NetSuite revenue for 2015: $741.1m | Not recorded |
| 1998 | Launched with $0 revenue |
NetSuite Valuation, Funding Rounds
NetSuite reached a $9.3B valuation in 2015.
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 | AcquiredExit | - | $9.3B | - | Not recorded |
| 2007 | Secondary Market | $17.9M | - | - | Not recorded |
| 2006 | Debt Financing | $20M | - | - | Not recorded |
| 2005 | Series H | $15M | - | - | Not recorded |
| 2004 | Series G | $19.9M | - | - | Not recorded |
| 2003 | Series F | $15M | - | - | Not recorded |
| 2002 | Series E | $20M | - | - | Not recorded |
| 2001 | Series D | $30M | - | - | Not recorded |
| 2000 | Series C | $20M | - | - | Not recorded |
Founder / CEO
Customers
NetSuite serves 24K customers.
NetSuite Employees & Team Size
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.
| Year | Milestone | Source |
|---|---|---|
| 2020 | Reached 18.9K employees (December 2020) | Not recorded |
| 2020 | Reached 1K employees (August 2020) | Not recorded |
| 2020 | Reached 18K employees (June 2020) | Not recorded |
| 2019 | Reached 15.8K employees (December 2019) | Not recorded |
Frequently Asked Questions about NetSuite
Who owns NetSuite?
NetSuite is owned by Oracle Corporation, which acquired it for $9.3B in 2015.
What is NetSuite's revenue?
As of 2015, NetSuite generated $741.1M in revenue.
When was NetSuite founded?
NetSuite was founded in 1998.
How much funding does NetSuite have?
NetSuite raised $157.8M across 8 rounds.
How many employees does NetSuite have?
As of 2020, NetSuite had 18.9K employees.
Where is NetSuite headquartered?
NetSuite is headquartered in Austin, Texas, United States.
Compare NetSuite to the industry
NetSuite operates across multiple industries. Browse revenue, funding, and growth data for NetSuite in each sector below.
Data and Sources
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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