Pensando Systems raises $145 million for custom hardware that processes data at the edge

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Pensando Systems raises $145 million for custom hardware that processes dat
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In a report roughly two years ago, The Information revealed that Pensando Systems, formed by top former Cisco executives Mario Mazzola, Prem Jain, Luca Cafiero, and Soni Jiandani, was developing a new kind of chip for networking and storage.
(It’s targeting a post-money valuation of $645 million.) Coinciding with this latest capital influx, Pensando has launched its flagship end-to-end edge software-defined services platform, which it describes as a holistic solution for cloud, compute, networking, storage, and security offerings.
Pensando CEO Jain said the fresh capital will bolster the company’s engineering, operations, and go-to-market efforts, following two years during which it nabbed the business of brands like Oracle, Goldman Sachs (which has also invested), Equinix, NetApp, and “multiple” Fortune 500 customers.
Pensando is the answer: We are democratizing the cloud with the first software-defined, edge-accelerated, always secure and visible platform that will run in any environment.”
Nearly two decades later, Cisco made a $135 million investment in a software-defined networking startup cofounded by Jain, Mazzola, and Cafiero — Insieme Networks — and shortly after acquired the company for $863 million.
Pensando’s core competency is similarly software-defined networking, albeit with an edge-accelerated compute bent.
Its programmable custom-designed processor is optimized to execute software stacks delivering cloud, compute, networking, storage, and security services where data is located, managed via either a first- or third-party centralized policy and services controller.
It’s always on, with enterprise-grade security and end-to-end telemetry across the infrastructure, and Pensando claims it uses an estimated one-third the power of existing solutions

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