October 17 - 10:10
$278 million boost for ex-Cisco workers' new cloud startup
It takes some ambition for a new company to face up to AWS. But that is the aim for Pensando Systems, a cloud startup launched by four ex-Cisco engineers. The group has raised $248 million to fund products for customers' private data centres. HPE led the investment round. The four founders are known as 'MPLS' in the tech industry, having built up a reputation for innovation in the cloud space.
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