A company called Packet has raised $25 million in Series B funding. The news was shared this morning in a tweet from Techmeme:
Packet, a New York City-based bare metal cloud hosting startup that is taking on rivals like AWS and Azure, raises $25M Series B led by Third Point Ventures (@ron_miller / TechCrunch)https://t.co/LpaAfc0Inphttps://t.co/5K40LXfWtR
— Techmeme (@Techmeme) September 11, 2018
A quick Google search showed that this startup is using the Packet.net domain name for its business.
A Whois search reveals that the company likely acquired the Packet.com domain name within the last week or so. On September 6, the domain name was registered to domain investor Braden Pollock’s business. As of September 10, the domain name is now registered under privacy. The Packet.net nameservers reveal that the domain name was picked up by the startup. As of now, the Packet.com domain name does not resolve, but I would not be surprised to see the startup shift over to the Packet.com domain name at some point soon.
I reached out to Braden to ask him about the deal, but he was unable to comment. Historical Whois records at DomainTools show that Braden acquired the domain name in June of 2016. I am sure it was a nice ROI.
According to CrunchBase, Packet has raised a total of $36.6 million in funding.
Update: The Packet.com domain name was sold for $350,000 as reported by DNJournal.