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Key people at Smart Global Holdings.
Smart Global Holdings was founded in 2011 by Mukesh Patel (co-founder/Director).
Penguin Solutions, formerly Smart Global Holdings, delivers an AI factory platform alongside specialized memory and LED solutions for high-performance computing. The company engineers comprehensive AI infrastructure, cluster management, and private cloud environments, integrating fault-tolerant solutions and advanced memory technologies such as CXL-based expansion and pooling to address complex enterprise demands. These technical capabilities enable robust accelerated computing and mission-critical operations across diverse applications.
The company traces its roots to 1988, when Ajay Shah and LeRoy Vierra established a specialized memory-module business in Newark, California. Their initial insight focused on developing fast, configurable DRAM/SRAM assemblies to serve the specific needs of networking, industrial, and enterprise original equipment manufacturers, laying the groundwork for future expansions into broader technology markets.
Penguin Solutions caters to a wide array of industries, including financial services, life sciences, government, and manufacturing, providing solutions that address challenges in infrastructure cost, computational power, scalability, and operational uptime. The company's vision centers on enabling organizations to realize their artificial intelligence ambitions by deploying and optimizing advanced computing and infrastructure technologies, fostering innovation and operational efficiency.
Key people at Smart Global Holdings.
Smart Global Holdings was founded in 2011 by Mukesh Patel (co-founder/Director).
Smart Global Holdings has 3 tracked investments across 2 companies. The latest tracked deal is $180.0M Series C in Celestial AI in March 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 1, 2024 | Celestial AI | $180.0M Series C | US Innovative Technology Fund | 8VC, Afore Capital, Andreessen Horowitz, Applied Ventures, Caffeinated Capital, Cubit Capital, General Catalyst, NightDragon, Walden International, Elad GIL, Thomas Tull, AMD Ventures, Engine Ventures, IAG Capital Partners, Chase Koch, M Ventures, Samsung Catalyst Fund, Temasek, Tyche Partners, Xora Innovation |
| Jun 1, 2023 | Celestial AI | $100.0M Series B | IAG Capital Partners, Chase Koch, Temasek, Xora Innovation | Applied Ventures, Walden International, Thomas Tull, Imec.xpand, M Ventures, Renovus Capital Partners, Samsung Catalyst Fund, The Engine, Tyche Partners |
| Apr 1, 2021 | Deeplite | $4.0M Seed | ROB MAY | Acrew Capital, AlleyCorp, Alumni Ventures, BOW Capital, Craft Ventures, Draper Associates, Fifth Wall, Plug & Play Ventures, Tsvc Capital, Bradley Horowitz, Kevin Love, Ajay Shah, BDC Capital, Desjardins Capital, Differential Ventures, Innospark Ventures, Somel Investments |