Pano Logic raises $20 Million in Series C funding

Bangalore: Pano Logic, a Menlo Park, California based developer of zero-client desktop virtualization, has raised $20 million in Series C funding. This round of funding is led by Mayfield Fund and was joined by return backers Goldman Sachs and Foundation Capital.

According to the company, the funds will be used to support continued technology innovation and global market expansion of Pano Logic's zero client virtual desktop computing platform, which is redefining the economics of endpoint computing. Also the company said that unlike all other virtual desktop solutions, the Pano System removes 100 percent of the processing power from the desktop to the data center, fully centralizing management and eliminating endpoint complexity with one complete solution.

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"Our zero client computing platform has achieved mainstream penetration throughout the U.S. and key global markets. Our advances in VDI technology remove endpoint device management from the equation and centralize computing for simpler, more secure and cost-effective management," said John Kish, CEO of Pano Logic. "With Mayfield Fund, in addition to Goldman Sachs and Foundation Capital, on our side, we're poised to proceed with our aggressive growth plans and achieve even deeper market penetration. We're proud to join such an elite family of portfolio companies backed by Mayfield Fund." Parmeet Chaddha is the Executive Vice President of Engineering.

Founded in 2006, Pano Logic, which tripled sales in 2009, solves major challenges inherent in the current PC-based, client-server computing model, while providing end users with the same, familiar PC-like Windows experience. Its technology radically reduces computing total cost of ownership, by as much as 67 percent, by eliminating endpoint device management, support and obsolescence. Instead, end users connect to their virtual machine with a zero client that contains no processor, no operating system, no memory, no drivers, no software and no moving parts. This represents a major shift from highly complex and costly PC and thin client computing solutions.

Pano Logic also announced that Mayfield's Chaddha is joining Pano Logic's board of directors. "Pano Logic's technology for desktop virtualization represents a paradigm shift in computing, similar to how many of our portfolio companies have changed the game in past decades," said Navin Chaddha, Managing Director of Mayfield Fund. "Pano Logic's zero client technology, built for virtualization, will free customers from the high cost and overly complex management burdens of PC and thin client computing. Their widespread adoption, with over 25,000 systems in production, is proof that companies no longer need processing power at the endpoint to provide the most optimum user experience."