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Penguin Solutions raised $200M in a convertible note from SK Telecom to enhance its capabilities and expand its AI factory offerings.

PUBLIC · PENGDec 16, 2024

Amount Raised

$200 Million

Round Type

Convertible Note

MilpitasInformation TechnologySoftwareArtificial IntelligenceSportsConsulting

Investors

Sk Telecom

Description

Penguin Solutions, Inc. announced the closing of a $200 million strategic investment from SK Telecom. The investment involves the acquisition of convertible preferred shares that may convert into ordinary shares, indicating a potential future stake for SK Telecom in Penguin Solutions.

Company Information

Company

Penguin Solutions

Location

Milpitas, California, United States

About

The Penguin Solutions™ portfolio, which includes Penguin Computing™ and Penguin Edge™, accelerates customers’ digital transformation with the power of emerging technologies in HPC, AI, and IoT with solutions and services that span the continuum of edge, core, and cloud. By designing highly-advanced infrastructure, machines, and networked systems we enable the world’s most innovative enterprises and government institutions to build the autonomous future, drive discovery and amplify human potential. Penguin Solutions is an SGH Brand.

Fundz sees it the moment Penguin Solutions raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Predictive Intelligence
Strategic

ML-powered predictions for Penguin Solutions's next move

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Penguin Solutions raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.