Fungible raises $200M


Santa Clara, Calif.-based data-centric computing company Fungible has closed $200 million in a Series C financing round. The investment was led by the SoftBank Vision Fund and included participation from Norwest Venture Partners and existing investors.

Fungible has raised over $300 million from investors including Battery Ventures, Mayfield Fund, Redline Capital and Walden Riverwood Ventures.

As part of the funding round, Deep Nishar will join Fungible’s board of directors.

Fungible was founded by Pradeep Sindhu and Bertrand Serlet. Mr. Sindhu previously founded Juniper Networks, held roles as CEO and CTO, and is now chief scientist. Prior to Fungible, Mr. Serlet founded a storage startup and before that was senior vice president of software engineering at Apple.

[Image courtesy: Fungible]