DPU Startup Fungible Names Eric Hayes as New CEO

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team
Published on July 17, 2021

Pradeep Sindhu, co-founder and Exec Chairman of DPU startup Fungible, has appointed Eric Hayes to replace himself and serve as the new CEO of the company.

Fungible was established in 2015 by the founders Pradeep Sindhu and Bertrand Serlet, a former SVP of Apple.

The company is working to develop a new processor with an architecture and instruction set designed to use information that is involved in data communications between data center infrastructure elements like network switches, storage arrays, and servers.

As a result, the unloading of an ever-increasing burden could allow near-hyper-scale data centers free up tremendous amounts of server CPU resources to run code.

Sindhu commented,

“It has been a great privilege for me to lead this extraordinarily talented group of dedicated individuals to invent the DPU and bring to market industry-leading products that exploit its unique capabilities. The DPU is a new category of microprocessor destined to become a key building block of data centers as the industry embraces data-centric computing.”

In 2019, Fungible raised its last funding with a $200 million C-round, and completed the overall capital raise of $310.9 million.

With the new funds, the startup introduced its first hardware products, which use its first-generation chip, and purchased Cloudistics for DPU-related software composability technology.

According to Sindhu, the company’s first products including its FS1600 storage node, DPU chips, and composable data center software, have gotten good feedback from consumers.

Eric Hayes, who grew Broadcom’s switching silicon business from $100 million to more than a billion dollars a year, has been hired aiming to accelerate the firm’s momentum.

Hayes said,

“My new role allows me to focus on technology – taking the learnings from our first generation of DPUs and applying them to the next, and further enhancing our already industry-leading products.”

Previously, Hayes worked at Inphi for two years, and also served for five years at Marvell finishing, and also worked for more than 13 years at Broadcom.

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team

Nicholas Ross Say is a news desk editor at Grit Daily. An award-winning journalist, he covers the daily startup beat. He grew up in Ann Arbor, Michigan and has lived in South America and South East Asia. At present, Nicholas lives in Southern Vietnam where the Sun shines, and the noodles flow like wine. He's written for Blockonomi and Coin Journal, among others.

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