Ex-Cisco engineers raise US$278 million for startup

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REUTERS: A cloud startup founded by a group of four ex-Cisco Systems Inc engineers said on Wednesday it has raised US$278 million (216.7 million ...

REUTERS: A cloud startup founded by a group of four ex-Cisco Systems Inc engineers said on Wednesday it has raised US$278 million to fund products that aim to help the data centres of customers like investment banks function more like those of cloud computing providers.

Pensando will make software and devices to help data centres of companies like Goldman Sachs Group Inc function more like cloud computing data centres like Amazon.com's Amazon Web Services. Goldman also invested, Pensando said, but it did not disclose the amount.

 

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