Former Cisco engineers raise US$278M for startup

Reseller | Oct 17, 2019 at 9:30 AM
  • A cloud startup founded by a group of four ex-Cisco engineers has raised US$278 million to fund products that aim to help the data centres of customers like investment banks function more like those of cloud computing providers.
  • Pensando will make software and devices to help data centres of companies like Goldman Sachs Group function more like cloud computing data centres like Amazon.com’s Amazon Web Services.
  • In cloud computing, customers can order up as much computing power as needed in different parts of the world with a few mouse clicks.