Chip designer Advanced Micro Devices said on Monday it would acquire cloud startup Pensando for $1.9 billion to bolster its data center products and capitalize on booming demand from cloud and enterprise sectors.
Pensando, which was founded in 2017 by a group of four ex-Cisco Systems Inc engineers, counts Goldman Sachs and Microsoft Corp’s cloud unit Azure as its customers.
The startup makes a fully programmable processor and a software platform, which helps enterprise clients and data center customers to function more like cloud computing data centers like Amazon’s Amazon Web Services.
Read more: Reuters
