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Pandora Radio is a public company founded on January 1, 2000, by Tim Westergren and Jon Kraft . The company is headquartered in Oakland, California , and operates under the stock symbol "P" on the New York Stock Exchange . Pandora Radio is a subsidiary of Sirius Satellite Radio and has over 1,300 employees .
The company's business model is based on a subscription service with a freemium option , catering to a B2C market . Pandora Radio operates in various industries, including software , machine learning , artificial intelligence (AI) , music , and the entertainment industry .
Pandora Radio has received investments from several investors, including Allen & Company , Greylock , GGV Capital , Crosslink Capital , Selby Venture Partners , Labrador Ventures , Sirius XM Radio, Inc. , Slow Ventures , KKR , Pinnacle Ventures , Kelly Perdew (entrepreneur) , and Kensington Capital . The company's latest funding round was an initial public offering (IPO) on June 9, 2017, raising $480 million . In total, Pandora Radio has raised $708.6 million in funding .
The company's key people include founder and CEO Tim Westergren and board members Richard Sarnoff and Robert Kavner . Pandora Radio's official website is https://pandora.com , and they have a presence on various social media platforms, including Twitter , Facebook , LinkedIn , Instagram , and YouTube . The company's mobile app is available on both iOS and Android platforms.