Fungible was founded in 2015 by Bertrand Serlet, Apple's former VP of software engineering, and Pradeep Sindhu. The company has not publicly endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Fungible is a data management company that develops hardware and software to improve the performance and efficiency of data centers. The company has customers in industries such as healthcare, manufacturing, agriculture, gaming, and financial services. In 2020, Fungible acquired Cloudistics, a platform that unifies various parts of the data center ecosystem. Fungible has raised more than $300 million in venture capital funding from investors including SoftBank Vision Fund, Norwest Venture Partners, Battery Ventures, Mayfield Fund, Redline Capital, and Walden Riverwood Ventures. The company has not released recent valuation figures.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/23/2022 | Series D-2 | $12.11MM | $xx.xx | $786.28MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
6,381,010
Liquidation Pref Order
1
Liquidation Pref As Multiplier
5.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
08/23/2022 | Series D | $29MM | $xx.xx | $786.28MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
12,988,408
Liquidation Pref Order
1
Liquidation Pref As Multiplier
5.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
08/23/2022 | Series D-1 | $29MM | $xx.xx | $786.28MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
12,988,408
Liquidation Pref Order
1
Liquidation Pref As Multiplier
5.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
06/27/2019 | Series C-2 | $102.88MM | $xx.xx | $780.38MM | Battery Ventures, Mayfield Fund, Norwest Venture Partners, Redline Capital, Softbank Vision Fund, Walden Riverwood Ventures | |
Price per Share
$xx.xx
Shares Outstanding
46,078,879
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Mayfield Fund, Norwest Venture Partners, Redline Capital, Softbank Vision Fund, Walden Riverwood Ventures
|
||||||
06/27/2019 | Series C | $126.92MM | $xx.xx | $780.38MM | Battery Ventures, Mayfield Fund, Norwest Venture Partners, Redline Capital, Softbank Vision Fund, Walden Riverwood Ventures | |
Price per Share
$xx.xx
Shares Outstanding
49,909,720
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Mayfield Fund, Norwest Venture Partners, Redline Capital, Softbank Vision Fund, Walden Riverwood Ventures
|
||||||
05/12/2017 | Series B | $73.01MM | $xx.xx | $297.98MM | Celesta Capital, Redline Capital Management, Samsung Catalyst Fund | |
Price per Share
$xx.xx
Shares Outstanding
42,352,016
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Celesta Capital, Redline Capital Management, Samsung Catalyst Fund
|
||||||
02/07/2017 | Series A | $32.1MM | $xx.xx | $74.9MM | Battery Ventures, Juniper Networks, Mayfield Fund, Walden Riverwood Ventures | |
Price per Share
$xx.xx
Shares Outstanding
47,816,241
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Juniper Networks, Mayfield Fund, Walden Riverwood Ventures
|
||||||
11/19/2015 | Series Seed-2 | $1.32MM | $xx.xx | $15.39MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,904,241
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
11/19/2015 | Series Seed-1 | $2.47MM | $xx.xx | $15.39MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
10,645,157
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|