Fungiblea startup that wishes to assist data centers deal with the increasingly enormous amounts of information made by new technologies, has raised a $200 million Series C headed by SoftBank Vision Fund, with involvement from Norwest Venture Partners and its current investors. As part of the circular, SoftBank Investment Advisers senior managing associate Deep Nishar will join Fungible’s board of directors.
Founded in 2015, Fungible currently counts about 200 workers and has raised over 300 million in funding. Its other investors include Battery Ventures, Mayfield Fund, Redline Capital and Walden Riverwood Ventures. Its brand new\ funding will be employed to accelerate product development. The provider’s founders, CEO Pradeep Sindhu and Bertrand Serlet, state Fungible will launch more information later this year approximately if its information processing units will soon be accessible and their on-boarding procedure, which they say won’t require clients to change their existing programs, networking or server layout.
Sindu previously based Juniper Networks, where he held roles as principal scientist and CEO. Serlet has been the senior vice president of software technology at Apple before earning 2011 and heritage Upthere, a storage startup that was acquired by Western Digital at 2017. Sindu and Serlet describe Fungible’s goal as pivoting data centres in the”compute-centric” version to some data-centric one. While the provider is frequently asked if they consider Intel and Nvidia opponents, they state Fungible Data Processing Units (DPU) complement technician, such as graphics and central processing units, even from other chip manufacturers.
Sindhu explains Fungible’s DPUs as a new building block in data center infrastructure, allowing them to handle larger amounts of data more effectively and potentially enabling new kinds of applications. Its DPUs connect with regular IPs over local area networks and stores and are totally programmable, like the PCI Express, that in turn connect to storage, GPUs and CPUs. Placed between the two, the DPUs act like a”super-charged data traffic control,” performing computations offloaded from the CPUs and GPUs, in addition to converting the IP link into high-speed information centre material.
This better prepares data centers for the huge quantities of information created by new technology, such as self-driving cars, and industries like personalized healthcare, financial services, cloud gaming, agriculture, call centers and production, says Sindu.
At a press statement, Nishar said”As the worldwide data burst and AI revolution unfold, global computing, computing and networking infrastructure have a fundamental transformation. Fungible’s products allow data centers to leverage their existing hardware infrastructure and gain from these new technologies paradigms. We look forward to cooperating with the firm’s recognized and accomplished management team as they force the next generation of information centers.”