2024 Revenue
$13.1M
Funding
$341.6M
YOY
26.5%
Team
430
Founded
2015
How PingCAP CEO Max Liu grew 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.
Last updated
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.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | PingCAP Hit $13.1m revenue in October 2024 | |
| 2023 | PingCAP Hit $10.3m revenue in October 2023 | |
| 2021 | PingCAP Hit $7.6m revenue in April 2021 | |
| 2015 | Launched 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.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2020 | Funding round | $270M | - | - | |
| 2018 | Funding round | $50M | - | - | |
| 2017 | Funding round | $15M | - | - | |
| 2016 | Funding round | $5M | - | - | |
| 2015 | Funding round | $1.6M | - | - |
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
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
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| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for PingCAP yet.
PingCAP Employees & Team Size
PingCAP employs approximately 430 people as of 2026, up from 401 in 2023, including 7 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 430 employees (December 2024) |
| 2024 | Reached 401 employees (October 2024) |
| 2023 | Reached 401 employees (October 2023) |
| 2023 | Reached 501 employees (July 2023) |
| 2022 | Reached 378 employees (October 2022) |
| 2021 | Reached 352 employees (December 2021) |
| 2021 | Reached 217 employees (April 2021) |
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.
Compare PingCAP to the industry
PingCAP operates across multiple industries. Browse revenue, funding, and growth data for PingCAP 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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