How Much Did Pegasystems Raise? Headquarters, Funding & Key Investors

Pegasystems Inc. has raised approximately $525 million in its single documented post-IPO funding round (Feb 2020), supported by investor Herald Investment Management, at a valuation reflective of its status as a public company. Founded in 1983 and headquartered in Cambridge (United States), Pegasystems’ enterprise platform spans AI decisioning, workflow automation and business process management for banking, insurance and other sectors. With over 5,400 employees as of January 2024, the firm continues evolving its platform to address digital transformation and serve large-scale enterprise clients globally.

How Much Did Pegasystems Raise? Funding & Key Investors

Pegasystems Inc., founded in 1983 by Alan Trefler and headquartered in Cambridge, United States, is a mature leader in enterprise software that specializes in workflow automation, AI-driven decisioning and business process management. Employing approximately 5,406 people as of January 2024, Pegasystems supplies its platform to major clients in banking, insurance, government and other regulated industries.

Its solutions enable organizations to digitize and automate critical processes, improve customer engagement and operational efficiency, and transition to hybrid cloud and AI-empowered models.

What Is Pegasystems and What Does It Do?

Pegasystems Inc., founded in 1983 by Alan Trefler, is a Cambridge-based (United States) enterprise software company. The company develops and markets a platform for AI-powered decisioning, workflow automation and business process management.

Pegasystems employs around 5,406 employees. Its unified Pega Platform and Pega Infinity portfolio help large organizations in banking, insurance, telecommunications and government automate processes, manage customer engagement and apply AI-enabled real-time decision logic at scale.

How Much Funding Has Pegasystems Raised?

Post IPO Round
- Amount Raised: $525 M
- Date: February 2020
- Lead Investors: Herald Investment Management
- Motivation: To support growth initiatives and capitalise on enterprise software expansion.

Total Funding Raised: $525 Million

Latest Funding Date: February 2020

Key Investors

Herald Investment Management
- Details: Investment management firm participating in Pegasystems’ post-IPO capital raise.
- Investment Focus Areas: Technology and enterprise software firms.
- Notable Investments: Pegasystems.

Where Is Pegasystems’ Headquarters?

Pegasystems is headquartered in Cambridge, Massachusetts, United States. This area offers a strong ecosystem of technology, research universities and enterprise software firms, which supports its focus on large-scale digital transformation, AI/automation and enterprise clients across regulated industries.

What’s Next for Pegasystems?

Pegasystems aims to accelerate its cloud-native and AI-driven capabilities, particularly through its Pega GenAI offering, agentic workflow automation and decisioning tools. Key priorities include expanding its presence in regulated industries (banking, insurance, government), increasing subscription and cloud-based revenues, and scaling globally.

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