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2024 Revenue

$35M

Customers

160

Funding

$109.9M

YOY

123.9%

Avg ACV

$218.8K

Team

91

Founded

2015

How PacketFabric CEO Dave Ward grew to $35M revenue and 160 customers in 2024.

Provider of a network connectivity management platform designed to deliver coast to coast connectivity across North America. The company redefines how companies procure, consume and manage their network connectivity services, leveraging an entirely automated SDN-based network architecture and the latest in optical and packet switching technology, enabling networking companies to offer dynamic, real-time connectivity services between major carrier-neutral colocation facilities at terabit-scale.

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PacketFabric Revenue

In 2024, PacketFabric's revenue reached $35M. The company previously reported $21.4M in 2024. Since its launch in 2015, PacketFabric has shown consistent revenue growth.

PacketFabric Revenue GrowthReported revenue / ARR over time$0$8M$15M$23M$30M$38M201520172019202120232024$0$10M$16M$35MSource: GetLatka.com
YearMilestoneQuote
2024PacketFabric Hit $35m revenue in November 2024Source
2024PacketFabric Hit $21.4m revenue in October 2024
2023PacketFabric Hit $15.6m revenue in October 2023
2021PacketFabric Hit $10.1m revenue in April 2021
2015Launched with $0 revenue

PacketFabric Valuation, Funding Rounds

PacketFabric has not publicly disclosed its valuation. The company has raised $109.9M in total funding to date.

PacketFabric has raised $109.9M in total funding across 3 rounds, with its most recent round in 2020.

PacketFabric Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$25M$0.4$50M$0.6$75M$0.8$100M$1$125M201520162017201820192020Source: GetLatka.com
YearRoundAmountValuation% SoldQuote
2020Funding round$9.9M--
2019Funding round$75M--
2018Funding round$25M--

Founder / CEO

Dave Ward

Dave Ward is listed as Founder / CEO at PacketFabric.

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Customers

PacketFabric serves 160 customers.

PacketFabric Employees & Team Size

PacketFabric employs approximately 91 people as of 2026, down from 108 in 2023. It serves 160 customers that rely on its solutions.

PacketFabric Team GrowthReported headcount over time0306090120150201520172019202120232024009191Source: GetLatka.com
YearMilestone
2024Reached 91 employees (December 2024)
2024Reached 108 employees (October 2024)
2023Reached 108 employees (October 2023)
2022Reached 84 employees (October 2022)
2021Reached 84 employees (December 2021)
2021Reached 134 employees (April 2021)

Frequently Asked Questions about PacketFabric

What is PacketFabric's revenue?

PacketFabric generates $35M in revenue.

Who founded PacketFabric?

PacketFabric was founded by Dave Ward.

Who is the CEO of PacketFabric?

The CEO of PacketFabric is Dave Ward.

How much funding does PacketFabric have?

PacketFabric raised $109.9M.

How many employees does PacketFabric have?

PacketFabric has 91 employees.

Where is PacketFabric headquarters?

PacketFabric is headquartered in Culver City, California, United States.

Compare PacketFabric to the industry

PacketFabric operates across multiple industries. Browse revenue, funding, and growth data for PacketFabric 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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