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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Pensando's Edge computing startup exits stealth mode with a total of $ 278 million in funding – TechCrunch

Pensando's Edge computing startup exits stealth mode with a total of $ 278 million in funding – TechCrunch



Pensando, a startup computer founded by former Cisco engineers, today stepped out of stealth mode with the announcement that it raised a $ 145 million Series C. The company's software and hardware technology was created to give data centers more flexibility on cloud servers is positioning itself as a competitor to Amazon Web Services Nitro.

The round was led by Hewlett Packard Enterprise and Lightspeed Venture Partners and brought the total amount of Pensando to date at $ 278 million. HPE Chief Technology Officer Mark Potter and Lightspeed Venture partner Barry Eggers will join Pensando's board of directors. The company is chaired by former Cisco CEO John Chambers, who is also one of Pensando's investors through JC2 Ventures.

Pensando was founded in 201

7 by Mario Matsola, Prem Jain, Luca Cafiero and Sonya Jiangani, a team of development engineers. from several of Cisco's core technologies and created four startup projects that were acquired by Cisco, including Insieme Networks. (In an interview with Reuters, Pensando Chief Financial Officer Randy Pond, a former Cisco executive vice president, said it was unclear if Cisco was interested in acquiring the startup, adding that "our aspirations at this point would be an IPO. But, you know , there are always other opportunities for revenue events. ")

The startup claims that its edge computing platform performs five to nine times better than AWS Nitro in terms of performance and scale. Pensando is preparing endpoint data center infrastructures, better equipping them to handle data from 5G applications, AI and the Internet of Things. While in stealth mode, Pensando has gained clients including HPE, Goldman Sachs, NetApp and Equinix.

In a press statement, Potter said: "Today's rapidly transforming, hyper-connected world requires businesses to work with even more flexibility and choice than ever before. Expanding HPE's relationships with Pensando Systems stems from our shared understanding of businesses and clouds. We are proud to announce our investment and solutions partnership with Pensando and will continue to develop solutions that together address our clients' needs. “


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