- Pantheon — an SaaS platform that empowers WebOps teams to create websites that excel in the digital economy — announced it has raised $100 million. These are the details.
Pantheon — an SaaS platform that empowers WebOps teams to create websites that excel in the digital economy — announced it has raised $100 million in Series E funding at a valuation of over $1 billion. SoftBank Vision Fund 2 was the sole investor in this round. Including this funding round, the company has raised $200 million to date.
Pantheon’s software was built on the vision of finding a better way to unlock extraordinary performance for web teams. And the traditional way of building websites is time-consuming and manual, involving drawn-out development cycles that can extend months or even years.
Pantheon essentially has changed the way modern websites are made. Customers — which include brands like DocuSign, Patagonia, MGM, Clorox, MIT, and the United Nations Foundation — are able to rapidly test, innovate and launch new website experiences for their customers daily.
Pantheon’s vision of empowering the people who design and build websites embraces the promise of the open web to instantly reach any customer across the globe. And the company is passionate about enabling organizations of every size and across all industries to create websites that help them achieve their mission.
Currently, Pantheon powers website operations for over 12,000 businesses, reaching more than one billion unique visitors per month. And Pantheon will use the funding to accelerate software development, grow its customer success team, and amplify its go-to-market strategy.
KEY QUOTES:
“CMOs are under growing pressure to drive revenue and growth, but their company websites — the lynchpin to their digital strategies — are often slow and difficult to keep up-to-date with the demands of modern business. We knew there had to be a better way to empower web teams with a platform they love. When web teams work seamlessly together, they can deliver incredible digital experiences that drive revenue growth.”
— Pantheon Co-Founder & CEO Zack Rosen
“Digital transformation has accelerated the movement to the cloud for essential business infrastructure. By automating workflows and do-it-yourself with its SaaS offering, we believe Pantheon’s leading platform is transforming how modern website experiences are created. We are excited to partner with Zack and the Pantheon team to support their ambition of helping organizations embrace a new and better way of building websites that deliver results.”
— Vikas Parekh, Partner at SoftBank Investment Advisers
