PINECONE·Vector databases / AI retrieval and search infrastructurePrivate

Pinecone

ConvictionContext

Usage-based cloud DBaaS: serverless consumption pricing (reads/writes/storage), Builder tier at $20/mo (launched May 2026), Standard/Enterprise tiers, Dedicated Read Nodes for high-throughput workloads (public preview Dec 2025, GA Apr 2026), plus a marketplace of knowledge applications; sold self-serve and via enterprise sales and AWS/GCP/Azure marketplaces

Revenue

Not disclosed. Third-party estimates ~$26.6M ARR2024, getlatka est.); Contrary Research cited only 'millions in ARR' (2023). Treat as unaudited estimates

Rev growth

Not disclosedthird-party estimate ~66% YoY 2023->2024 (est. ~$16M -> $26.6M ARR, getlatka); 2025 trajectory reported as decelerating or declining amid competition and the Oct 2024 Notion migration (third-party accounts, unverified

Gross margin

Not disclosedcloud DBaaS typically 60-75%; Pinecone's Jan 2024 serverless re-architecture claimed large COGS reduction

Op margin

Not disclosedpresumed loss-making (venture-funded growth stage

Capex intensity

Low owned-capexcompute/storage rented from AWS, GCP, Azure (COGS, not capex

Valuation

~$750MSeries B, Apr 2023); press reports of sale exploration in H2 2025 floated speculation north of $2B - never priced

Valuation trail

$2B40× since 2021

4 marks · 2021–Aug 2025

private — no public price

Priced round Secondary / SPAC mark

Only the Apr 2023 Series B ($750M) is a disclosed priced mark. Seed and Series A valuations were never disclosed - those points are rough unverified estimates included for chart shape only. The 2025 ~$2B figure is press speculation around a reported sale exploration, not a transaction.

The read

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Full financial intelligence for Pinecone

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

Income statement & margin structure
SWOT, moats & dependency map
Supplier–customer ecosystem graph
Signals, trends & valuation range

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Not financial advice — analyst work product for a qualified professional.