NetSuite
Austin, Texas, United States
Valuation
$9.3B
2015 Revenue
$741.1M
Customers
24K
Funding
$157.8M
Avg ACV
$30.9K
Team
18.9K
Founded
1998
How NetSuite CEO Evan Goldberg grew to $741.1M revenue and 24K customers 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. Since its launch in 1998, NetSuite has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2015 | NetSuite Hit $741.1m revenue in December 2015 | |
| 1998 | Launched with $0 revenue |
NetSuite Valuation, Funding Rounds
NetSuite's most recent disclosed valuation is $9.3B.
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 | Quote |
|---|---|---|---|---|---|
| 2007 | Secondary Market | $17.9M | - | - | |
| 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 | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
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 |
|---|---|
| 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) |
Frequently Asked Questions about NetSuite
What is NetSuite's revenue?
NetSuite generates $741.1M in revenue.
Who is the CEO of NetSuite?
The CEO of NetSuite is Evan Goldberg.
How much funding does NetSuite have?
NetSuite raised $157.8M.
How many employees does NetSuite have?
NetSuite has 18.9K employees.
Where is NetSuite headquarters?
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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