• 01/29/2008
    10:31 PM
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Pano Completes $12M Series B

Pano Logic announces $12M funding; Goldman Sachs leads 2nd round of funding for innovative desktop virtualization solution provider
MENLO PARK, Calif. -- Pano Logic, today announced it has completed a $12 million series B funding round led by Goldman Sachs, and joined by existing investors ComVentures and Foundation Capital. Pano Logic leverages existing server virtualization technologies to create a new approach to client/desktop computing that dramatically lowers total cost of ownership while increasing security, management and mobility. To keep up with the growing demand within the enterprise for desktop virtualization solutions, the company will use the funding to accelerate product development, expand sales and marketing efforts, and secure additional channel/SI partners to address the midmarket.

“We believe Pano Logic is at the cutting edge of a revolution in alternative desktops,” said Pete Perrone, managing director at Goldman Sachs. “By leveraging industry-standard hypervisor technology from companies like VMware, Pano Logic is able to deliver a lower total cost of ownership than traditional PC architectures without sacrificing on user experience. We look forward to working with Nick and the team at Pano Logic to drive this next phase of growth.”

Pano Logic Inc.

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