About Fungible
Fungible is a company based in Santa Clara (United States) founded in 2015 was acquired by Microsoft in December 2022.. Fungible has raised $232.5 million across 2 funding rounds from investors including Microsoft, Juniper Networks and Norwest Venture Partners. The company has 1,010 employees as of April 06, 2024. Fungible has completed 1 acquisition, including Cloudistics. Fungible operates in a competitive market with competitors including Pensando Systems, NeuroBlade, MangoBoost, Speedata and Cloud Leopard, among others.
- Headquarter Santa Clara, United States
- Employees 1010 as on 06 Apr, 2024
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Fungible India Private Limited
- Date of Incorporation 26 Sep, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$10.21 M (USD)42.58as on Mar 31, 2022
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Net Profit
$1.18 M (USD)46.3as on Mar 31, 2022
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EBITDA
$2.07 M (USD)64.96as on Mar 31, 2022
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Total Equity Funding
$232.5 M (USD)
in 2 rounds
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Latest Funding Round
$200 M (USD), Series C
Jun 27, 2019
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Investors
Microsoft
& 6 more
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Employee Count
1010
as on Apr 06, 2024
- Investments & Acquisitions
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Acquired by
Microsoft
(Dec 14, 2022)
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Funding Insights of Fungible
Fungible has successfully raised a total of $232.5M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $200 million completed in June 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series C — $200.0M
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First Round
First Round
(07 Feb 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series C - Fungible | Valuation | SoftBank Vision Fund | |
| Feb, 2017 | Amount | Series A - Fungible | Valuation | Battery Ventures , Mayfield |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fungible
Fungible has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Microsoft, Juniper Networks and Norwest Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fungible
Fungible has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cloudistics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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SAN storage acceleration is provided via flash appliances.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fungible
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fungible Comparisons
Competitors of Fungible
Fungible operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pensando Systems, NeuroBlade, MangoBoost, Speedata and Cloud Leopard, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A software-defined edge services platform is provided for infrastructure transformation.
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| domain | founded_year | HQ Location |
Big data analytics solutions are delivered via computational memory platforms.
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| domain | founded_year | HQ Location |
AI-based DPUs are developed for data center workload acceleration.
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| domain | founded_year | HQ Location |
Provider of a platform offering analytics processing solutions
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| domain | founded_year | HQ Location |
System-on-chips for computers, peripherals, and data processing are manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fungible
Frequently Asked Questions about Fungible
When was Fungible founded?
Fungible was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Fungible located?
Fungible is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Who is the current CEO of Fungible?
Eric Hayes is the current CEO of Fungible.
Is Fungible a funded company?
Fungible is a funded company, having raised a total of $232.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $32.5M, raised on Feb 07, 2017.
How many employees does Fungible have?
As of Apr 06, 2024, the latest employee count at Fungible is 1,010.
What is the annual revenue of Fungible?
Annual revenue of Fungible is $10.21M as on Mar 31, 2022.
What does Fungible do?
Founded in 2015 and based in Santa Clara, United States, Fungible operates in the data center infrastructure sector. Full-stack software applications are provided to utilize standard components, protocols, and interfaces. Improvements in economics, security, and reliability for cloud data centers are targeted through these solutions. Operations focus on enhancing overall data center performance without altering existing architectures.
Who are the top competitors of Fungible?
Fungible's top competitors include Speedata, MangoBoost and NeuroBlade.
How many acquisitions has Fungible made?
Fungible has made 1 acquisition, including Cloudistics.
Who are Fungible's investors?
Fungible has 7 investors. Key investors include Microsoft, Juniper Networks, Norwest Venture Partners, SoftBank Vision Fund, and Battery Ventures.