Ex-Cisco engineers raise $278 million for startup

(Reuters) - A cloud startup founded by a group of four ex-Cisco Systems Inc engineers said on Wednesday it has raised $278 million (216.7 million pounds) to fund products that aim to help the data centres of customers like investment banks function more like those of cloud computing providers.Pensando Systems, which introduced the company publicly on Wednesday, said the funds were raised through series A, B, and C rounds. The latest round was led by Hewlett Packard Enterprise Co and venture..