Fungible Inc. is a technology company headquartered in Santa Clara, California. The company develops hardware and software to improve the performance, reliability and economics of data centers.[6]
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 (~$235 million in 2023) 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 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]
Products
Fungible develops a new category of programmable microprocessors called Data Processing Units (DPU), designed to accelerate the processing of data-centric workloads within data centers.[14][15] The DPU acts as a data traffic controller, shuttling traffic from the network to central processing units (CPU) and graphics processing units (GPU) from other chip makers. DPUs enable a high speed data center fabric between DPU-enabled compute and storage servers.[10][15]
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.[16] Data center resources can be pooled and aggregated dynamically over a high speed data fabric.[17]
