SoftBank Vision Fund led a $200m round for Fungible, a data centre infrastructure technology developer already backed by Juniper Networks and Samsung Catalyst Fund.
US-based data centre computing technology developer Fungible has completed a $200m series C round led by SoftBank Vision Fund, the near-$100bn vehicle formed by telecommunications conglomerate SoftBank.
Venture capital firm Norwest Venture Partners also took part in the round, along with unnamed, existing investors. It increased Fungible’s overall funding to more than $300m, the company said.
Founded in 2015, Fungible has developed a programmable processor known as a Data Processing Unit that helps data centres handle ever increasing amounts of…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
