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.