Pano Logic secures $20 million in Round C funding, signs OEM agreement with Fujitsu
Last week Pano Logic announced its third round funding, equal to $20M and led by Mayfield Fund.
As result, Mayfield’s Navin Chaddha will join the company’s Board of Directors.
With this investment, the startup raised more than $40M. The previous round, $18M, was led by Foundation Capital and Goldman Sachs.
Pano Logic revealed that its sales tripled in 2009 and while its revenue may just get better this year, the startup is seeing increasing pressure from bigger firms that embrace the idea of a zero client for thin computing and VDI environments.
Dell, for example, just announced its own zero client: the FX100.
The good news is that Pano Logic just closed an OEM agreement with Fujitsu.
Simply dubbed Fujitsu Zero Client, the OEM’ed product is available starting this month in every country where Fujitsu operates, as far as we understand.
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