Fungible
Latest round
- Series C
Last raised
- Jun 2019
Total raised
- $293M
Investors
- 9
About Fungible
Based in the US, Fungible, Inc.Fungible, Inc. was founded in 2015 and is headquartered in Santa Clara, US. The company focuses on developing data processing units (DPUs) to enhance data management in cloud environments. The founders are Colum Chinlund and Krishna Yarlagadda, with Pradeep Sindhu serving as CEO. In December 2022, Fungible acquired Microsoft Corporation for USD 190 mn, which marks a significant strategic move.Fungible operates in the realm of data processing and storage solutions, focusing on providing high-performance hardware and software products tailored specifically for data-centric applications. Their core offerings include advanced data processing units (DPUs) designed to offload and accelerate data management tasks, enabling efficient handling of large-scale workloads typical in cloud environments. The company targets various end-use cases, particularly in sectors that demand rapid data analytics and real-time processing, such as finance, telecommunications, and artificial intelligence. Fungible's products are utilized by a diverse client base including cloud service providers, enterprises with extensive data requirements, and technology companies seeking enhanced data processing capabilities.Fungible's revenue model is structured around direct sales of its innovative DPU technology, along with potential subscription services for software solutions that enhance the functionality of their hardware offerings. The company engages in business-to-business transactions, where enterprises purchase DPUs and associated software either as one-time transactions or through multi-year contracts that include maintenance and support services. For example, a cloud service provider may integrate Fungible’s hardware into its data centers, facilitating improved performance for its customers while benefiting from ongoing software updates and support. The company is focused on developing upcoming DPU technologies aimed at improving processing power and efficiency, with targeted launch dates in the next 18 months.
Who invested in Fungible
9 investors across 3 rounds
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Questions about Fungible
Who invested in Fungible?
Fungible has 9 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Fungible raised?
Fungible has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Fungible last raise money?
Fungible's most recent round on record is a Series C, in Jun 2019.
What does Fungible do?
Based in the US, Fungible, Inc.
Where is Fungible headquartered?
Fungible is headquartered in Santa Clara, US.
Which VCs invest in companies like Fungible?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back it infrastructure companies at Fungible's stage. Their profiles are linked below.
VCs backing it infrastructure startups at Series C
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