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PacketExchange
Global network services provider
About PacketExchange
In 2002, Kieron O'Brien and Jason Velody founded PacketExchange to create a new kind of network. Their idea was to build a wide-area internet exchange that would bypass the traffic jams of the public internet. The company used its own private fiber-optic backbone to connect data centers in Europe, Asia, and North America, offering services like ethernet private lines and content delivery. This provided a more reliable and faster connection for businesses that needed to move large amounts of data, such as social network Bebo and the band Radiohead, who famously used the service for the online release of their album "In Rainbows". In 2005, PacketExchange expanded by acquiring XchangePoint, another peering and interconnectivity service provider. The company continued to grow, securing a $12 million investment in 2008. The final chapter for PacketExchange as an independent company was written in May 2011, when it was acquired by Global Telecom & Technology (GTT) for $20 million.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | May 2011 | $0 | — | Global Telecom & Technology | — |
| SERIES B✓Equity / VC | Jul 2008 | $12M | $48M | Threshold Ventures · Bank of Scotland | — |
Growth signals
Latest recorded traffic for PacketExchange is 230 monthly website visits, down 36.1% over the last three months. PacketExchange's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Bank of Scotland
Threshold Ventures
Other known investors1 additional known investor
Global Telecom & Technology
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about PacketExchange on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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