Pensando To Raise $145 Million Series C
Pensando Systems, the company pioneering the new edge services model of enterprise and cloud computing, today announced that Hewlett Packard Enterprise and Lightspeed Venture Partners led a Series C round to raise up to $145 million in funding. The company will use the new funding to accelerate engineering, operations, and go-to-market activities.
5G, IoT, AI and massive application growth are transforming the way modern enterprises operate, from manufacturing to warehouses and logistics to delivering services to end users. By 2025, more than 75% of enterprise data will be created and processed at the edge, according to Gartner, creating significant challenges for existing infrastructure. This change driving modern infrastructure to a scale-out approach will also require scale-out services to match.
Pensando is the first secure, programmable, edge-accelerated platform that directly addresses the generational shift occurring as data pushes to the edge of the cloud. The foundation of the Pensando platform is a custom programmable processor optimized to execute a software stack delivering cloud, compute, networking, storage and security services wherever data is located, all managed via the Venice Centralized Policy and Services Controller.