# Penguin Solutions

> Penguin Solutions designs, builds, deploys, and manages AI and high-performance computing infrastructure. Its platform combines compute systems, cluster management software, memory products, reference architectures, and services for enterprises, universities, government organizations, and GPU cloud operators. The Nasdaq-listed company also supplies fault-tolerant systems and LED products.

- **Founded:** 1988
- **Headquarters:** Fremont, United States
- **Founders:** Ajay Shah (Co-founder of predecessor SMART Modular Technologies; former CEO and chairman), Mukesh Patel (Co-founder of predecessor SMART Modular Technologies; engineering leader), Lata Krishnan (Co-founder and former CFO of predecessor SMART Modular Technologies)
- **Products:** OriginAI, ClusterWareAI, MemoryAI KV Cache Server, ComputeAI, SMART Modular memory and storage
- **Notable:** Designed, built, and deployed Georgia Tech’s initial 160-H100 AI Makerspace infrastructure in 2024., Fiscal 2026 net sales reached USD 1.73 billion, up 26% as reported., Introduced an up-to-11-TB CXL-based KV cache server in March 2026.

## Products & services

- **OriginAI** — Validated AI factory architectures combining hardware, cluster software, and lifecycle services; expanded in 2024 and for inference in 2026.
- **ClusterWareAI** — Cluster deployment, provisioning, health monitoring, and management software; June 2026 additions include an operations agent and automated GPU remediation for Kubernetes workloads.
- **MemoryAI KV Cache Server** — Inference memory appliance combining 3 TB DDR5 with up to 8 TB CXL expansion for up to 11 TB total memory; compatible with NVIDIA Dynamo.
- **ComputeAI** — Computing systems and infrastructure for AI training, inference, and data-intensive applications.
- **SMART Modular memory and storage** — DRAM modules, CXL expansion products, and embedded, industrial, rugged, and data center SSDs.
- **Stratus ztC Endurance** — Fault-tolerant computing platforms with redundant modules and predictive health monitoring; vendor specifies 99.99999% platform availability.
- **AI infrastructure lifecycle services** — Workload-led architecture, factory integration and burn-in, on-site deployment, technical support, and managed operations.
- **Cree LED** — LED components for lighting and displays, reported in the Optimized LED segment.

## Achievements

- Designed, built, and deployed Georgia Tech’s initial 160-H100 AI Makerspace infrastructure in 2024.
- Fiscal 2026 net sales reached USD 1.73 billion, up 26% as reported.
- Introduced an up-to-11-TB CXL-based KV cache server in March 2026.
- Penguin’s corporate history records a 2022 Space Technology Hall of Fame induction for commercializing Beowulf-style clustering.
- Company reported 17 new AI infrastructure customers during fiscal 2026.

## Latest updates

- **2026-02** — Kash Shaikh became president, CEO, and a director on February 2; Mark Adams retired and remained an advisor for nine months.
- **2026-03** — Introduced MemoryAI KV Cache Server on March 16 and announced Deepgram infrastructure collaboration on March 17.
- **2026-06** — Expanded ClusterWareAI with an AI Factory Operations Agent, GPU remediation for Kubernetes workloads, and broader health visibility.
- **2026-10** — October 6 results reported fiscal 2026 revenue of USD 1.73 billion and fourth-quarter revenue of USD 567 million; fiscal 2027 revenue outlook midpoint was USD 2.43 billion, a forecast.

## Links

- Website: https://www.penguinsolutions.com
- LinkedIn: https://www.linkedin.com/company/penguinsolutions
- Twitter/X: https://x.com/WeAre_Penguin
- YouTube: https://www.youtube.com/@penguinsolutions3104
- Facebook: https://www.facebook.com/WeArePenguinSolutions

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Profile page: https://yespress.io/penguin-solutions
Published by YesPress — https://yespress.io
Last updated: 2026-10-23