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How PingCAP CEO Max Liu grew PingCAP to $13.1M revenue with a 430 person team in 2024.

Developer of an open source distributed (HTAP) database designed to serve as a one-stop service for online transactions and analysis. The company's cloud native TiDB, is an open source distributed hybrid transactional analytical processing (HTAP) database with features that include MYSQL compatibility and distributed transaction, providing users with horizontal scalability and high availability for more versatile database management.

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PingCAP Revenue

In 2024, PingCAP's revenue reached $13.1M. The company previously reported $10.3M in 2023. Since its launch in 2015, PingCAP has shown consistent revenue growth.

PingCAP Revenue GrowthReported revenue / ARR by year$0$3M$6M$9M$12M$15M201520172019202120232024$0$8M$10M$13MSource: GetLatka.com
YearMilestone
2024PingCAP Hit $13.1m revenue in October 2024
2023PingCAP Hit $10.3m revenue in October 2023
2021PingCAP Hit $7.6m revenue in April 2021
2015Launched with $0 revenue

PingCAP Valuation, Funding Rounds

PingCAP has not publicly disclosed its valuation. The company has raised $341.6M in total funding to date.

PingCAP has raised $341.6M in total funding across 5 rounds, with its most recent round in 2020.

PingCAP Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)$0$75M$150M$225M$300M$375M2015201620172018201920202015 cumulative: $2M • 2015 Funding round: $2M2016 cumulative: $7M • 2015 Funding round: $2M • 2016 Funding round: $5M2017 cumulative: $22M • 2015 Funding round: $2M • 2016 Funding round: $5M • 2017 Funding round: $15M2018 cumulative: $72M • 2015 Funding round: $2M • 2016 Funding round: $5M • 2017 Funding round: $15M • 2018 Funding round: $50M2020 cumulative: $342M • 2015 Funding round: $2M • 2016 Funding round: $5M • 2017 Funding round: $15M • 2018 Funding round: $50M • 2020 Funding round: $270M$342MSource: GetLatka.com
YearRoundAmountValuation% Sold
2020Funding round$270M--
2018Funding round$50M--
2017Funding round$15M--
2016Funding round$5M--
2015Funding round$1.6M--

PingCAP Employees & Team Size

PingCAP employs approximately 430 people as of 2026, up from 401 in 2023.

PingCAP has 430 total employees in different roles and functions and 7 sales reps that carry a quota.

PingCAP Team GrowthReported headcount over time012525037550062520152017201920212023202400430430Source: GetLatka.com
YearMilestone
2024Reached 430 employees (December 2024)
2024Reached 401 employees (October 2024)
2023Reached 401 employees (October 2023)
2023Reached 501 employees (July 2023)
2022Reached 378 employees (October 2022)
2021Reached 352 employees (December 2021)
2021Reached 217 employees (April 2021)

Founder / CEO

Max Liu

Max Liu is the co-founder and CEO of PingCAP. He has 10+ years of experience in system infrastructure and software technologies. He is also the co-author of the following open source projects: TiDB, TiKV, and Codis (an open source Redis cluster solution). Prior to PingCAP, he worked at Wandou Labs in the Distributed System Team. Prior to WandouLabs, he was in the infrastructure team of JD.com, the largest B2C online retailers in China by transaction volume and revenue.

Q&A

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Customers

We do not have customer count information for PingCAP yet.

Frequently Asked Questions about PingCAP

What is PingCAP's revenue?

PingCAP generates $13.1M in revenue.

Who founded PingCAP?

PingCAP was founded by Max Liu.

Who is the CEO of PingCAP?

The CEO of PingCAP is Max Liu.

How much funding does PingCAP have?

PingCAP raised $341.6M.

How many employees does PingCAP have?

PingCAP has 430 employees.

Where is PingCAP headquarters?

PingCAP is headquartered in Sunnyvale, California, United States.

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Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .