ROUND ROCK, Texas, Oct. 11, 2017 /PRNewswire/ --
News Summary:
- Dell Technologies Capital announces its fastest pace of
investment in the last five years
- Venture arm closed 27 investments in the first half of its
fiscal-year, accelerating the development and deployment of
innovative technologies and solutions by promising startups
- Investment team partnering with company's new IoT division to
provide extensive industry insight, relationships and links to the
external innovation ecosystem
Full Story:
Dell Technologies Capital, the venture investment arm for Dell
Technologies, announces a record investment pace for the first half
of its fiscal year (February-September). The venture team had its
fastest pace of investment in the last five years, closing a total
of 27 investments in the six-month period. New investments
included Series A and B financing rounds and spanned a broad range
of technology areas strategic to the Dell Technologies family of
companies.
"While our pace has increased, our goal remains the same—invest
in areas of strategic importance to Dell Technologies and partner
with promising startups to deliver innovative solutions to our
customers," said Scott Darling,
president, Dell Technologies Capital. "As the adoption of new
technologies like IoT, AI and ML become more prevalent, we plan to
continue scaling our capital investments and resources
accordingly."
The investment team is comprised of experienced industry
professionals with a strong mix of both operational and investment
expertise, giving them not only the insight to identify promising
technologies and teams, but also the knowledge and skill to help
their portfolio companies achieve scale. The team focuses on
early-stage investments in emerging technology areas including
Internet of Things (IoT), Artificial Intelligence (AI), Machine
Learning (ML), developer-led Infrastructure, next-gen storage,
serverless computing, connected-car infrastructure and
security.
Dell Technologies Capital's new investments included, but are
not limited to, the following companies:
- Binaris (Serverless computing)
- Datometry (Database virtualization)
- Jask (Security Operations)
- Minio (Multi-cloud object storage)
- OpsMx (Software release management)
- RedLock (Cloud Security)
- RiskLens (Cyber-security risk management)
- RiskRecon (Cyber-security risk management)
- Otonomo (Connected-car data exchange/marketplace)
- ZingBox (IoT device security)
The investment team is also partnering closely with the
company's new IoT division, providing industry insight and
relationships to support its strategic agenda. Through its
investments and industry relationships, Dell Technologies Capital
provides a valuable link to the external innovation ecosystem,
effectively accelerating the development and deployment of new IoT,
AI and ML technologies and solutions.
Dell Technologies Capital
The Dell Technologies
Capital investment team is comprised of company builders with the
mission of helping founders and their teams develop innovative
technology solutions and bring them to market. They are active
investors, sustaining an investment pace of approximately
$100 million a year. As the
global investment arm for the Dell Technologies family of
businesses (Dell, Dell EMC, Pivotal, RSA, SecureWorks, Virtustream
and VMware), Dell Technologies Capital offers deep business and
technical expertise and unparalleled go-to-market assistance to our
portfolio companies. After operating in stealth for five years, the
firm emerged publicly in 2017. Headquartered in Palo Alto, Calif., Dell Technologies Capital
currently has offices in Boston,
Austin and Herliya, Israel. For more information visit
www.delltechnologies.com/capital.
Copyright © 2017 Dell Inc. or its subsidiaries. All Rights
Reserved. Dell, Dell EMC, Dell Technologies Capital and other
trademarks are trademarks of Dell Technologies or its
subsidiaries. Other trademarks may be trademarks of their
respective owners.
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SOURCE Dell Technologies