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Monday, October 21, 2019

Dell Technologies Unveils Venture Arm Formerly in Stealth

Ventures team invests approximately $100 million annually in promising founders and startups to bring innovative technology to customers

Dell Technologies Capital is out of stealth, details investments and differentiated approach to venturing

  • Invests globally for Dell Technologies’ unique family of businesses including Dell, Dell EMC, Pivotal, RSA, SecureWorks, Virtustream and VMware
  • Offers startups access to experienced board members, deep technical expertise and unparalleled go-to-market opportunities

 

Dell Technologies, the world’s largest privately-controlled technology company, today brings out of stealth its venture practice, Dell Technologies Capital. Since its inception a few years ago, Dell Technologies Capital has been an active investor in more than 70 early-stage startups, with the mission of helping founders and their teams develop innovative technology solutions and bring them to market.

“At Dell Technologies Capital, we have a fundamental understanding of what promising young companies need to change the world,” said Michael Dell, chairman and chief executive of Dell Technologies. “We provide the resources, scale and expertise to help them continue innovating and maximise their potential.”

The ventures team focuses on emerging technology areas that are relevant to the Dell Technologies’ unique family of businesses: Dell, Dell EMC, Pivotal, RSA, SecureWorks, Virtustream and VMware. Examples of Dell Technologies Capital’s investment areas include storage, software-defined networking, management and orchestration, security, machine learning/artificial intelligence, Big Data/analytics, cloud, Internet of Things (IoT) and DevOps.

“Capital is merely table stakes to set a startup company on the path to success. New companies are looking for active investment partners who provide breadth and depth of expertise and access to resources and scale,” said Scott Darling, president, Dell Technologies Capital. “Dell Technologies Capital is comprised of a team of highly experienced investors with an extensive network of industry contacts to help our portfolio companies achieve escape velocity. We’ve been making these investments in stealth mode for a number of years and are accelerating our pace of investments.”

Dell Technologies Capital offers experienced board members, deep technical expertise as well as access to the global scale, channel, OEM and go-to-market relationships that are unique to the Dell Technologies’ family of businesses. In addition, we provide access to industry-leading technologists, investors and company executives.

“I have known and have greatly enjoyed working with Michael, Scott and the team at Dell Technologies Capital for many years,” said Andy Bechtolsheim, co-founder, chairman and chief development officer of Arista Networks. “They have a unique set of perspectives spanning core infrastructure to cloud native technology and thus are a valuable advisor and investor to any company in the IT industry.”

Two Dell Technologies Capital portfolio companies are being highlighted at Dell EMC World this year:

  • Edico Genome created the first bio-IT processor and an end-to-end platform designed to analyse the massive workloads associated with DNA sequencing. Edico Genome is delivering a pre-configured, out-of-the- box solution with Dell Technologies that enables the analysis of an entire genome in 22 minutes compared to more than 24 hours using standard software.
  • Graphcore developed new technology to deliver massive acceleration for Machine Learning (ML) and Artificial Intelligence (AI) applications. The company’s Intelligence Processing Unit (IPU) is the first to be designed specifically for machine intelligence workloads. Graphcore IPU platforms are designed to improve performance, increase efficiency and lower the cost of accelerating AI applications in cloud and enterprise datacenters. Dell Technologies Capital is helping Graphcore use Dell Technologies’ OEM and product integration capabilities to bring their innovative technology to even more customers.

“The Dell Technologies Capital team understands both the business potential of genomics processing, and importantly, how ultra-rapid data analysis advances healthcare and potentially saves lives,” said Pieter van Rooyen, Ph.D., chief executive officer of Edico Genome. “As a Dell Technologies Capital portfolio company, we were able to utilise Dell Technologies’ ecosystem to collaborate and combine the powerful Dell EMC and Virtustream portfolio with the speed and accuracy of the DRAGEN processor to offer a complete, cost-effective solution for rapid genomic analysis for new and existing customers.”

“When you have a breakthrough idea or technology, finding investors typically isn’t a problem. Finding investors who can add value, time and expertise to help your business succeed is a far more daunting challenge,” said Nigel Toon, CEO and co-founder of Graphcore. “Scott and the Dell Technologies Capital team provided us with more than just capital. Their understanding of our business coupled with their ability to put us in touch with industry luminaries and Dell Technologies’ technology and go-to-market experts has been extremely valuable and will help us expand the reach of our innovative IPU processing technology for machine learning and AI.”

More information about Dell Technologies Capital, including its current portfolio and previous investments, is available at delltechnologies.com/capital.

Dell Technologies is a unique family of businesses that provides the essential infrastructure for organizations to build their digital future, transform IT and protect their most important asset, information. The company services customers of all sizes across 180 countries – ranging from 98 percent of the Fortune 500 to individual consumers – with the industry’s most comprehensive and innovative portfolio from the edge to the core to the cloud.

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