Fungible Inc.

Fungible Inc. is a technology company headquartered in Santa Clara, California. The company develops hardware and software to improve the performance, reliability and economics of data centers.[2]

Fungible Inc.
Privately held company
IndustryData Center Technology
Founded2015 (2015)
Founders
Headquarters
Santa Clara, California
,
United States
Key people
Pradeep Sindhu CEO
Number of employees
200[1]
Websitewww.fungible.com

History

The company was founded in 2015 by Pradeep Sindhu, co-founder and chief scientist of Juniper Networks, and Bertrand Serlet, former senior vice president of software engineering at Apple Inc..[3]

In February 2017, the company raised $32M in a series A round, led by Mayfield Fund, Walden Riverwood Ventures and Battery Ventures.[4]

In May, the company raised an additional $60M in a series B, led by Samsung Catalyst Fund and Redline capital.[5]

In June 2019, the company raised $200M in a Series C funding round, led by SoftBank Vision Fund, along with Norwest Venture Partners and existing investors.[6] By then, the company had 200 employees.[1]

In September 2019, Fungible announced the appointment of former Dell and IBM CTO Dr. Jai Menon as its chief scientist.[7]

Products

Fungible develops a new category of programmable microprocessors called Data Processing Units (DPU), designed to accelerate the processing of data-centric workloads within data centers.[8][9] The DPU acts as a data traffic controller, shuttling traffic from the network to central processing units (CPU) and graphics processing units (GPU) from other chip makers. DPUs enable a high speed data center fabric between DPU-enabled compute and storage servers.[6][9]

The microprocessors enable the next evolution of data center infrastructure known as composable disaggregated infrastructure, which is a way for data centers to improve their architecture by disassociating compute and storage elements, removing the physical limitations of existing servers.[10] Data center resources can be pooled and aggregated dynamically over a high speed data fabric.[11]

References
  1. "Fungible raises $200M Series C with aim to improve data centers". bizjournals.com. 2019-06-27. Retrieved 2019-10-08.
  2. "Fungible CEO on improving economics, reliability and performance of data centers". www.cnbc.com. Retrieved 2019-07-30.
  3. "Juniper Networks co-founder steps aside to lead cloud startup". www.bizjournals.com. 2017-02-07. Retrieved 2019-07-30.
  4. "Juniper Networks Founder Embarks on Cloud-Style Chip Venture". wsj.com. 2017-02-07. Retrieved 2019-10-08.
  5. "Series B - Fungible". crunchbase.com. 2017-05-30. Retrieved 2019-10-08.
  6. "Fungible raises $200 million led by SoftBank Vision Fund to help companies handle increasingly massive amounts of data". TechCrunch. Retrieved 2019-10-08.
  7. Fungible. "Former Dell and IBM Executive Joins Fungible as Chief Scientist". www.prnewswire.com. Retrieved 2020-04-14.
  8. "Fungible raises $200 million for datacenter computing". VentureBeat. 2019-06-27. Retrieved 2019-08-13.
  9. "To handle the data tsunami, Juniper's founder turns to custom silicon". SiliconANGLE. 2018-11-30. Retrieved 2019-10-03.
  10. "Next-Gen Data Center Vendor Fungible Raises $200M In Funding". crn.com. 2019-06-27. Retrieved 2019-10-03.
  11. "Words to go: Composable disaggregated infrastructure glossary". techtarget.com. 2019-06-07. Retrieved 2019-10-08.
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