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§ Private Profile · San Francisco, CA, USA
Cloud computing software and IaaS provider developing scalable cloud infrastructure for businesses, built on SmartOS.
Joyent has raised $220.0M across 6 funding rounds.
Key people at Joyent.
Joyent has raised $220.0M in total across 6 funding rounds.
Joyent develops and provides cloud computing software and infrastructure-as-a-service (IaaS) solutions, specializing in scalable cloud infrastructure, based in San Francisco, California. The company initially offered web hosting services before pivoting to focus on cloud and virtualization technologies built on platforms such as SmartOS. Joyent operated on a venture-funded model, securing its first institutional capital in November 2009 from Intel Capital and Dell. Other notable investors included Peter Thiel, El Dorado Ventures, Epic Ventures, Greycroft Partners, and Liberty Global. Joyent was acquired by Samsung Electronics on June 15, 2016, and now functions as a subsidiary. It was founded in 2004 by David Paul Young, Jason Hoffman, and Dean Allen. Its business model centers on operated on a venture-funded model with revenue from cloud infrastructure services and IaaS offerings, acquired by Samsung in 2016.
Joyent has raised $220.0M across 6 funding rounds. Most recently, it raised $15.0M Other Equity in October 2014.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 31, 2014 | $15M Venture Round | — | Charles Beeler, Epic Ventures, Intel Capital, LGI Ventures, Orascom TMT Investments | Announced |
| Oct 1, 2014 | $15M Series E | — | Intel Capital, EL Dorado Ventures, Epic Ventures, LGI Ventures, Orascom TMT Investments | Announced |
| Jan 23, 2012 | $85M Venture Round | Orascom TMT Investments | Matthew KEY | Announced |
| Jan 1, 2012 | $85M Series D | Orascom TMT Investments | Intel Capital, Telefonica Digital | Announced |
| Sep 27, 2011 | $5M Debt Financing | — | — | Announced |
| Sep 1, 2010 | $15M Series C | Intel Capital | Greycroft, Liberty Global Ventures | Announced |
Joyent was a cloud computing company that developed and provided infrastructure-as-a-service (IaaS) solutions, including scalable computing, storage, networking, and security for digital and mobile applications.[1][2] It served early-stage internet companies like Twitter, LinkedIn, Gilt Groupe, and Kabam, addressing the need for high-performance, distributed cloud systems in sectors such as IoT, payment gateways, and machine learning.[1][2] Joyent's Triton DataCenter software, licensed to hardware vendors like Dell, enabled on-premises private clouds, while products like Manta object storage and partnerships with Canonical and Riverbed enhanced its offerings for content delivery and virtual machines.[1] Founded in 2004 and raising about $124.5–126 million, Joyent was acquired by Samsung NEXT in June 2016, marking the end of its independent operations.[1][2][3]
Joyent originated in late 2004 when David Paul Young coined the name and secured early funding from Peter Thiel, followed by more in July 2005 with Young as executive officer.[1] Its first product, Joyent Connector—an online collaboration tool built on Ruby on Rails—was demoed at the 2005 Web 2.0 Conference, launched in 2006, open-sourced in 2007, and discontinued in 2011.[1] A pivotal merger with TextDrive in November 2005 brought Jason Hoffman as CTO, shifting focus from application hosting to massively distributed cloud systems under Young's CEO leadership; Dean Allen became president of Joyent Europe before departing in 2007.[1] This evolution positioned Joyent as a cloud pioneer, hosting Twitter early on and developing Triton (formerly SmartDataCenter) from its operational software.[1]
Joyent rode the early 2000s cloud computing wave, emerging amid the shift from siloed hosting to scalable, distributed infrastructure during the Web 2.0 boom.[1] Its timing capitalized on rising demand for IaaS as companies like Twitter scaled rapidly, influencing the ecosystem by open-sourcing tools and licensing Triton to hardware giants, which bridged public clouds and private data centers.[1] Market forces like exploding data needs and virtualization favored Joyent's focus on performance over hype-heavy competitors, contributing to Samsung's IoT and mobile ambitions post-acquisition.[2][3] Though acquired, its tech legacy persists in modern hybrid cloud trends.
Post-2016 acquisition, Joyent operates under Samsung NEXT, likely integrating its cloud stack into Samsung's IoT, edge computing, and AI initiatives amid surging demand for efficient, distributed infrastructure.[1][2] Trends like hybrid/multi-cloud adoption and 5G-driven edge processing will shape its path, potentially amplifying Samsung's enterprise offerings. Its influence may evolve through embedded tech in Samsung hardware, sustaining Joyent's foundational role in performant cloud computing—from early Twitter host to modern scalable systems.
Joyent has raised $220.0M in total across 6 funding rounds.
Joyent's investors include Charles Beeler, Epic Ventures, Intel Capital, LGI Ventures, Orascom TMT Investments, El Dorado Ventures, Matthew Key, Telefonica Digital, Greycroft, Liberty Global Ventures.
Key people at Joyent.