Pensando Systems Stock

pensando.ioEnterprise SoftwareFounded: 2017Funding to Date: $365MM

Pensando Systems is a provider of distributed computing designed for the New Edge - powering software-defined cloud, compute, networking, storage and security services to transform existing architectures into the secure, ultra-fast environments demanded by next generation applications.

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Team

Management Team

Luca Cafiero
Co-Founder
Soni Jiandani
Co-Founder
Prem Jain
Co-Founder & Chief Executive Officer
Mario Mazzola
Co-Founder
John Chambers
Chairman
Randall Pond
Chief Financial Officer

Board Members

Mark Potter
Barry Eggers
Lightspeed Venture Partners
John Chambers

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News

Chip designer Advanced Micro Devices said on Monday it would acquire cloud startup Pensando for $1.9 billion to bolster its data center products and capitalize on booming demand from cloud and enterprise sectors. Pensando's Chief Executive Officer Prem Jain and the entire team will join AMD's Data Center Solutions Group. The deal, which would enable AMD to add Pensando's platform to its line of processors and graphics chips, is expected to close in the second quarter of this year.
Pensando Systems, a Milpitas, CA-based provider of a distributed computing platform for the "New Edge," received funding from Qualcomm Ventures
John Chambers is chairman of Pensando, a new startup that the former Cisco CEO says is challenging Amazon in a 'David versus Goliath' battle.