IIT Kanpur alumnus sells startup to Cisco for â¹2,000 crore
Tech giant Cisco announced it will acquire IIT Kanpur alumnus Mallik Mahalingam and BITS Pilani alumnus Krishna Yadappanavar's data management software startup Springpath for over â¹2,000 crore. The startup earlier raised over â¹200 crore in a funding round that saw participation from Sequoia Capital. Founded in 2012, Springpath's data platform claims to eliminate the need for network storage.