Pivotal is a software company that provides digital transformation technology and services. Pivotal’s cloud native platform drives software innovation for many of the world’s most admired brands. The Company combines the Silicon Valley state of mind, modern approach, and infrastructure with organizations’ core expertise and values. Pivotal enables the leading companies in the world to innovate by employing an approach focused on building software.
Type
Private
HQ
San Francisco, US
Founded
2012
Size (employees)
2,146 (est)+3%
Website
pivotal.io
Pivotal was founded in 2012 and is headquartered in San Francisco, US
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Key People/Management at Pivotal

Rob Mee

Rob Mee

CEO
Cynthia Gaylor

Cynthia Gaylor

CFO
Bill Cook

Bill Cook

COO
Michael Dell

Michael Dell

Board Member

Pivotal Office Locations

Pivotal has offices in San Francisco, Singapore, London, Cambridge and in 10 other locations
San Francisco, US (HQ)
875 Howard St
Arlington, US
2221 S Clark St
Boulder, US
200 1701 Pearl St
Cambridge, US
145 Broadway
Chicago, US
1214 222 W Merchandise Mart Plaza
Denver, US
1644 Platte St
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Pivotal Financials and Metrics

Summary Metrics

Founding Date

2012

Total Funding

$1.5 b

Latest funding size

$653 m

Time since last funding

2 years ago

Investors

Pivotal's latest funding round in May 2016 was reported to be $653 m. In total, Pivotal has raised $1.5 b. Pivotal's latest valuation is reported to be $2.8 b.
Show all funding rounds

Pivotal Financials

Pivotal's revenue was reported to be $509.44 m in FY, 2018 which is a 22.4% increase from the previous period.
USD

Revenue (FY, 2018)

509.4 m

Revenue growth (FY, 2017 - FY, 2018), %

22.4%

Gross profit (FY, 2018)

281 m

Gross profit margin (FY, 2018), %

55.2%

Net income (FY, 2018)

(163.5 m)

EBIT (FY, 2018)

(168.3 m)

Market valuation

2.8 b

Cash (2-Feb-2018)

73 m

EV

2.7 b
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

280.9 m416.3 m509.4 m

Revenue growth, %

48%22%

Cost of goods sold

187.3 m234.3 m228.4 m

Gross profit

93.5 m181.9 m281 m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

88.2 m105.2 m110.1 m121.2 m126 m13 m

Cost of goods sold

57.3 m55.9 m60.3 m59 m56.3 m55.5 m

Gross profit

30.8 m49.3 m49.9 m62.2 m69.7 m(42.5 m)

Gross profit Margin, %

35%47%45%51%55%(328%)
USDFY, 2017FY, 2018

Cash

133.9 m73 m

Accounts Receivable

145.4 m210.7 m

Current Assets

328.7 m366.7 m

PP&E

29 m32 m
USDFY, 2016FY, 2017FY, 2018

Net Income

(282.7 m)(232.9 m)(163.5 m)

Depreciation and Amortization

32.8 m24.6 m22.2 m

Accounts Payable

(300 k)(6 m)12.6 m

Cash From Operating Activities

29.2 m(166.4 m)(116.5 m)
USDY, 2018

EV/EBIT

-16.3 x

EV/CFO

-23.6 x

Revenue/Employee

276.5 k

Financial Leverage

1.6 x
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Pivotal Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018

Paying Business Customers

75 180 275 319

ISVs Integrated

75

Patents (US)

118

Patents (foreign)

22
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Pivotal Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Proof Innovation Labs
New Context (Singapore)
Cubox
Neo Innovation, Inc. February 28, 2016
Slice of Lime January 12, 2016
CloudCredo December 21, 2015
Xtreme Labs Inc October 02, 2013
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Pivotal News and Updates

Pivotal Software closed up 5% following IPO, raised $555 million

Stock market investors showed lukewarm enthusiasm for Pivotal Software’s debut on Friday. After pricing the IPO at $15, the company closed the day at $15.73. Although it didn’t “pop” for new investors, pricing at the midpoint of its proposed range allowed Pivotal to raise $555 million. Its public co…

Pivotal CEO Rob Mee Talks Michael Dell and Cloud on IPO Day

Company raises $555 million on first day trading.

The CEO of the $3.9 billion company at the heart of the cloud wars talks about going public after 29 years (PVTL)

Pivotal Software began trading publicly on Friday, closing up about 5% from its listing price of $15. It's now valued at $3.9 billion. Pivotal's biggest business is in selling tools that help developers deploy their apps across Microsoft's, Amazon's, and Google's massive cloud computing platforms.…
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