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Fungible Inc.

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Fungible Inc.
TypePrivate
IndustryData center technology
Founded2015; 11 years ago (2015)
Founders
DefunctJanuary 9, 2023 (2023-01-09)
FateAcquired by Microsoft
Headquarters
Santa Clara, California
,
United States
Key people
  • Pradeep Sindhu (Chairman)
  • Eric Hayes (CEO)
Number of employees
200[5]
Websitefungible.com at the Wayback Machine (archived 2023-01-09)

Fungible Inc. was a technology company headquartered in Santa Clara, California. It developed hardware and software to improve the performance, reliability and economics of data centers.[6]

History

[edit]

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.[7][8]

In February 2017, the company raised $32 million in a series A round, led by Mayfield Fund, Walden Riverwood Ventures and Battery Ventures.[9]

In June 2019, the company raised $200 million (~$241 million in 2024) in a series C funding round, led by SoftBank Vision Fund, along with Norwest Venture Partners and existing investors.[10] By then, the company had 200 employees.[5]

In September 2019, Fungible announced the appointment of former Dell and IBM chief technical officer Dr. Jai Menon as its chief scientist.[11]

In July 2021, Fungible announced the appointment of Eric Hayes replacing Pradeep Sindhu, as its CEO.[12]

In January 2023, Microsoft announced the acquisition of Fungible to bolster its data center infrastructure and their data processing unit.[13] Fungible stockholder and ex-employee Naveen Gupta filed a lawsuit against the company, seeking to "investigate potential wrongdoing and breaches of fiduciary duties."[14][15]

Products

[edit]

Fungible developed a category of programmable microprocessors called data processing units (DPUs), designed to accelerate the processing of data-centric workloads within data centers.[16][17] A DPU acts as a data traffic controller, shuttling traffic from the network to central processing units (CPUs), and graphics processing units (GPUs) from other chip makers. DPUs enable a high speed data center fabric between DPU-enabled compute and storage servers.[10][17]

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.[18] Data center resources can be pooled and aggregated dynamically over a high speed data fabric.[19]

References

[edit]
  1. ↑ Mellor, Chris (2020-02-11). "Fungible aims to slay the CPU bogeyman with composable microprocessor". Blocks and Files. Retrieved 2020-08-25.
  2. ↑ Greenwald, Ted (2017-02-07). "Juniper Networks Founder Embarks on Cloud-Style Chip Venture". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-08-25.
  3. ↑ Mellor, Chris (2020-02-11). "Fungible aims to slay the CPU bogeyman with composable microprocessor". Blocks and Files. Retrieved 2020-08-25.
  4. ↑ Greenwald, Ted (2017-02-07). "Juniper Networks Founder Embarks on Cloud-Style Chip Venture". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-08-25.
  5. 1 2 "Fungible raises $200M Series C with aim to improve data centers". The Business Journals. 2019-06-27. Retrieved 2019-10-08.
  6. ↑ "Fungible CEO on improving economics, reliability and performance of data centers". CNBC. 29 June 2019. Retrieved 2019-07-30.
  7. ↑ "Juniper Networks co-founder steps aside to lead cloud startup". The Business Journals. 2017-02-07. Retrieved 2019-07-30.
  8. ↑ "Juniper founder's new startup Fungible raises $200M for data processing unit". SiliconANGLE. 2019-06-27. Retrieved 2020-08-25.
  9. ↑ "Juniper Networks Founder Embarks on Cloud-Style Chip Venture". The Wall Street Journal. 2017-02-07. Retrieved 2019-10-08.
  10. 1 2 "Fungible raises $200 million led by SoftBank Vision Fund to help companies handle increasingly massive amounts of data". TechCrunch. 27 June 2019. Retrieved 2019-10-08.
  11. ↑ "Former Dell and IBM Executive Joins Fungible as Chief Scientist" (Press release). Fungible. Retrieved 2020-04-14 – via PR Newswire.
  12. ↑ "Fungible Appoints Former Marvell and Broadcom Executive As New CEO". Business Insider. 14 July 2021.
  13. ↑ "Microsoft announces acquisition of Fungible to accelerate datacenter innovation - The Official Microsoft Blog". Official Microsoft Blog. 9 January 2023.
  14. ↑ Mellor, Chris (2023-01-16). "Fungible shareholder sues company: Wants to inspect the books prior to $190m Microsoft deal". Blocks and Files. Retrieved 2025-07-06.
  15. ↑ Mellor, Chris (2023-01-16). "Fungible lawsuit details". The Storage Stack. Retrieved 2025-07-06.
  16. ↑ "Fungible raises $200 million for datacenter computing". VentureBeat. 2019-06-27. Retrieved 2019-08-13.
  17. 1 2 "To handle the data tsunami, Juniper's founder turns to custom silicon". SiliconANGLE. 2018-11-30. Retrieved 2019-10-03.
  18. ↑ "Next-Gen Data Center Vendor Fungible Raises $200M In Funding". CRN. 2019-06-27. Retrieved 2019-10-03.
  19. ↑ "Words to go: Composable disaggregated infrastructure glossary". techtarget.com. 2019-06-07. Retrieved 2019-10-08.
[edit]
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