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The 10 Hottest Semiconductor Startups Of 2020

These semiconductor startups are, in some cases, competing with heavyweights like Intel and AMD or creating complementary hardware, such as storage accelerators or data processing units, that can improve system performance or even shake up the economics of data centers.

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CEO: Pradeep Sindhu

Fungible wants to power next-generation data centers with its Fungible data processing unit, which it says can remove costly inefficiencies for workloads like virtualization and storage.

After revealing the Fungible DPU in August, the San Jose, Calif.-based startup revealed 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 says 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 solutions.

The company has raised more than $300 million from investors, including a $200 million Series C round that was led by the SoftBank Vision Fund.

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