Fungible

Fungible wants to remove costly inefficiencies for workloads like virtualization and storage in the data center with its synonymous data processing unit. After revealing the Fungible DPU last August, the San Jose, Calif.-based startup showed off its first line of data-centric platforms, the Fungible Storage Cluster, which provides a high-performance, secure, scale-out, disaggregated data storage platform. The company said the rack solution can help consolidate workloads, increase utilization of storage media and improve footprint as well as dollars per IOPS by at least three times over existing software-defined offerings. The company has raised more than $300 million from investors, including a $200 million Series C round from 2019 that was led by the SoftBank Vision Fund.