Home technology cloud Pensando Systems raises $145 million, comes out of stealth

Pensando Systems raises $145 million, comes out of stealth

Cloud

CIO Bulletin
2019-10-18

The edge computing startup Pensando Systems headed by Ex-Cisco veterans has raised $145 million in Series C to emerge from stealth. The round attracted some big names and was led by Hewlett Packard Enterprise and Lightspeed Venture Partners.

The company had raised $71 million in its Series A round and another $62 million in its Series B round of funding. The latest round brought the total amount raised to $278 million. Pensando plans to use the funding to accelerate engineering, operations, and go-to-market activities.

Mark Potter, CTO of HPE and director of Hewlett Packard Labs said: “HPE's expanding relationship with Pensando Systems stems from our shared understanding of enterprises and the cloud. We are proud to announce our investment and solution partnership with Pensando and will continue to drive solutions that anticipate our customers' needs together.” He will be joining Pensando’s board of directors now.

Pensando Systems took the curtains off its flagship software two days back. The platform delivers a highly programmable software-defined cloud, compute, networking, storage, and security services. The company believes that its product can help cloud providers deliver 5-9x improvements in productivity, performance, and scale.