# Pinata Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pinata-technologies

- Industry: Software
- Headquarters: Omaha, US
- Website: www.pinata.cloud
- Total disclosed funding: $22M
- Latest round: Series A (Aug 9, 2022)
- Investors on record: 6

## About

Based in Nebraska, US, and founded in 2018, by co-founders Matt Obber and Kyle Tutt, Pinata Technologies, Inc., aka Pinata operates as an NFT distribution platform for creators, developers, and marketplaces that allow users to build across any blockchain with a suite of tools to manage and share the content with the community. Pinata develops a content delivery network (CDN) that allow users to serve content quickly, reliably, and securely. In August 2022, Pinata Technologies, Inc. raised USD 18 million in a Series A funding co-led by Pantera Capital, Greylock Partners, Alchemy Insights, Inc., OpenSea, Pantera Capital, and Volt Capital. The round was part of a large USD 21.5 million seed and series A funding.

The company offers dedicated gateways, submarining, rich previews, and short links services. The dedicated gateways features enable creators to have custom branded private IPFS (Interplanetary File System) nodes that receive content faster than the public network. Submarining enables creators to make any content pinned to Pinata (and shared between blockchains) unlocked and allows users to share exclusive content with their followers based on parameters such as NFT ownership, time-sensitive, geo-location, and more. Pinata provides the media infrastructure for a wide range of the NFT space, supporting marketplaces, metaverses, web3 apps, and NFT projects across all blockchains.

The company generates revenue from the subscription of its software packages, which include Picnic (USD 20 per month), Fiesta (USD 100 per month), and Carnival (USD 100 per month).

## Funding rounds

- Series A, Aug 9, 2022, $18M — Greylock Partners, Pantera Capital, OpenSea, Volt Capital, Alchemy Ventures
- Seed, May 10, 2021, $3.5M — Greylock Partners, Offline Ventures

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed, Series A
- Offline Ventures (https://capitalatlas.ai/funds/offline-ventures) — Seed
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A
- OpenSea — Series A
- Volt Capital (https://capitalatlas.ai/funds/volt-capital) — Series A
- Alchemy Ventures — Series A