Pinecone is a managed vector database platform for AI applications. It helps developers store, search, and retrieve vector embeddings for recommendation, semantic search, and generative AI use cases.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$750M
Series B, 2021, Perplexity
UpMarket Estimate
$638M
Based on UpMarket valuation model
How to Invest in Pinecone Through UpMarket
Pinecone shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Pinecone offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
2021
Series B
$750M
Pinecone Revenue and Growth
Annual revenue
Why Investors Are Watching Pinecone
Growth Signal
Pinecone said Q1 2023 AI developer use surged on free plan
Pinecone said it saw explosive growth in AI developers and innovators building on its free plan in Q1 2023. The company also announced a $100 million Series B led by Andreessen Horowitz with participation from ICONIQ Growth, Menlo Ventures, and Wing Venture Capital.
Competitive Moat
Gong uses Pinecone as core vector database for Smart Trackers
Pinecone says Gong uses it as the core database infrastructure for Smart Trackers. The system stores and processes vector embeddings to track and classify concepts inside customer conversations.
Market Opportunity
Pinecone reached millions in ARR as customers moved to production
Pinecone said in 2022 it had reached millions of dollars in annual recurring revenue as new customers went into production. The company also said existing customers were expanding usage, pointing to monetization beyond pilots.
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No. As of March 2026, Pinecone is a private company and does not trade on any public stock exchange. Accredited investors can access Pinecone shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Pinecone does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Pinecone shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Pinecone shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Pinecone operates a managed vector database for AI applications, generated $54.9M in 2024 revenue and was valued at $638M, with AI developer use surging on its free plan in Q1 2023 — accredited investors can access Pinecone stock through UpMarket.