Pano

Electronic Equipment and Instruments · San Francisco, CA · Founded 2017 · Privately Held (backing)

Developer of a wildfire detection and intelligence system designed to mitigate wildfire threats.The company's system uses artificial intelligence applied to proprietary mountaintop camera feeds and… Pano is based in San Francisco, CA and was founded in 2017. It was valued at $362 million at its later-stage round in Jun 2025, the last priced event on record. It has raised $88.6 million across 2 recorded rounds; the latest was a $43.6 million Series B in Jun 2025.

PMV mark · valuation
$361.6M
Oct 2026
Priced at
its later-stage round
Jun 2025
Total raised
$88.6M
Last round
Later Stage VC (Series B)
Jun 2025
What is Pano worth?
$361.6MPrivateMarketView mark · Oct 2026

Valued at $361.6M at its later-stage round, Jun 2025. Nothing has traded since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Pano funding history

2 rounds
DateRoundRaisedPost-money
Jun 2025Later Stage VC (Series B)$43.6M▮
Mar 2023Later Stage VC (Series A)$37.0M▮
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Pano valuation

Pano was valued at $362 million at its later-stage round in Jun 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Pano raised?

Pano has raised $88.6 million across 2 recorded rounds since 2023. The largest was a $43.6 million Series B in Jun 2025.

Comparable companies

Comparable electronic equipment and instruments names by valuation on PrivateMarketView: AssetWatch ($437 million), Lumafield ($413 million) and RealWear ($264 million).

How Pano's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Pano, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Pano

What is Pano worth?
Pano is valued at $361.6M as of Oct 2026. Valued at $361.6M at its later-stage round, Jun 2025. Nothing has traded since.
How much has Pano raised?
Pano has raised $88.6M in total funding across 2 recorded rounds.
When did Pano last raise?
Pano last raised in Jun 2025 (Later Stage VC (Series B)), raising $43.6M.