Reading Time: 2 minutesIn December 2022, reports suggested that Microsoft had acquired Fungible for around $190 million. Fungible is a startup in the Data Processing Unit (DPU) market, launched in 2016 by Bertrand Serlet, a former Apple software engineer who sold a cloud storage startup, Upthere, to Western Digital in 2017, alongside Krishna Yarlagadda and Juniper Networks co-founder Pradeep Sindhu. On January 9, 2023, Microsoft confirmed the acquisition but not the purchase price and Fungible’s team will join Microsoft’s data center infrastructure engineering teams, which will focus on DPU services for storage and networking.
