Pinecone
Financial Performance
Pinecone Revenue & Financials
Revenue
$26.6M (FY2024, unaudited)
What is Pinecone's revenue?
Pinecone's latest revenue figure is $42.5M (2025). This is an annualized run-rate, not audited fiscal-year revenue.
- Latest revenue
- $42.5M (FY2025, annualized run-rate)
- Years of data
- 3
Financial Analysis
Pinecone is private and does not report revenue or profit. It has raised $138 million in total: a $10 million seed led by Wing Venture Capital (announced January 2021), a $28 million Series A led by Menlo Ventures (March 2022), and a $100 million Series B led by Andreessen Horowitz with ICONIQ Growth (April 2023) at a $750 million post-money valuation. No priced round has been announced since. Revenue figures circulating online are third-party estimates and are not confirmed by the company, so this profile does not list them.
Revenue Trend Analysis
Trend
Not enough comparable years
Pinecone has 2 full fiscal year figures on this page, plus 1 other figure (annualized run-rate, partial-period or estimated) that are not ranked or trended with them. There are not enough consecutive, comparable fiscal years to measure a trend.
Reported Revenue Figures
| Fiscal Year | Revenue | YoY Change | Source |
|---|---|---|---|
| FY2025annualized run-rate | $42.5M | — | Sacra / Industry estimate Estimated annualized revenue run-rate following Serverless expansion. |
| FY2024unaudited | $26.6M | — | Industry estimate |
| FY2023unaudited | $16M | — | Industry estimate |
Click any row to see year details.
Keep researching Pinecone
Pinecone Revenue and Financial FAQ
How much funding has Pinecone raised?
Pinecone has raised $138 million: a $10M seed led by Wing Venture Capital, a $28M Series A led by Menlo Ventures (2022) and a $100M Series B led by Andreessen Horowitz with ICONIQ Growth (April 2023).
What is Pinecone's valuation?
Its last disclosed valuation is $750 million, from the April 2023 Series B. No newer priced round has been announced.
What is Pinecone's revenue?
Pinecone is private and does not publish revenue. Third-party estimates vary widely and are not confirmed by the company.
How much total venture capital funding has Pinecone raised?
Pinecone has raised approximately $138 million in total venture capital across three rounds: a $10M Seed round in 2021, a $28M Series A led by Menlo Ventures in 2022, and a $100M Series B led by Andreessen Horowitz in April 2023.
What is Pinecone's estimated Annual Recurring Revenue (ARR) growth rate?
Following the launch of ChatGPT and Pinecone Serverless, industry estimates place Pinecone's ARR well into tens of millions of dollars, with usage and customer counts growing by over 300% annually as Global 2000 enterprises move RAG pilots into production.
How capital efficient is Pinecone's serverless architecture?
By decoupling compute and storage using commodity cloud object storage (such as Amazon S3) with customized indexing algorithms, Pinecone achieves strong gross margins on vector hosting compared to competitors that maintain idle virtual machines.
Who are the primary institutional venture capital firms invested in Pinecone?
Pinecone's cap table includes leading Silicon Valley venture capital firms, including Andreessen Horowitz (a16z), Menlo Ventures, ICONIQ Growth, Wing Venture Capital, and prominent angel investors across the artificial intelligence ecosystem.
Does Pinecone plan to pursue an IPO or a strategic technology acquisition?
With over $100 million in balance sheet cash and seasoned enterprise CEO Ash Ashutosh at the helm, Pinecone is building toward becoming an independent multi-billion-dollar enterprise data platform, though it represents a prime acquisition target for cloud hyperscalers like Snowflake, Databricks, or AWS.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Pinecone Revenue & Financials." CorpDigest, https://corpdigest.com/company/pinecone/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Pinecone reported $42.5M as its latest revenue figure (2025, annualized run-rate, not audited fiscal-year revenue).</strong><br>Source: <a href="https://corpdigest.com/company/pinecone/financials" target="_blank" rel="noopener">CorpDigest — Pinecone financials</a></div>Related Financial Audits
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