Pano Logic, which makes a desktop PC replacement that I wrote about last year, has announced a $20 million round of funding led by the Mayfield Fund. The Menlo Park-based firm, founded in 2007, previously raised $18 million in two rounds led by Goldman Sachs and Foundation Capital.
Pano claims to have tripled sales in 2009, although the company won't specify from what to what. Having worked on the predecessors to Pano Logic's devices in a previous career, I know that their claim to reduce total cost of ownership by up to two-thirds over a PC-based solution isn't a stretch. Putting a full Windows operating system on everyone's desk is nowhere near as efficient as having a centralized server or two to which desktop workstations connect. Last year, the company gave VentureBeat an estimated annual desktop savings of $750, much of it from reduced IT-guy time maintaining the machines.
Foundation partner Ashmeet Sidana said in a prepared statement, "Demand for desktop virtualization is exploding and Pano Logic will become the chief beneficiary as more businesses discover how simple Pano Logic makes it to extend the benefits of virtualization to the desktop."