PALO ALTO, Calif., April 30, 2018 /PRNewswire/ --
News summary
- Investments in 81 companies since 2012 with numerous portfolio
companies experiencing growth rates of more than 100% and several
exceeding $50 million in revenue
- Completed 24 investments one year out of stealth with one third
of new investments focused on AI/ML and the remaining focused on
security, next-gen infrastructure and developer ecosystem
- Venture practice had 11 exits from its portfolio, of
which three have gone public in the past seven
months—DocuSign, MongoDB and Zscaler—all "unicorn" IPOs with a
collective market value of more than $11
billion
- Zscaler (NASDAQ: ZS) started trading in March 2018 and is a leading pioneer in
transforming network security for the cloud era; Dell Technologies
Capital was the lead investor in Zscaler's first institutional
round in 2012
- Key M&A events include VMware's acquisition of Wavefront
and Vista's acquisition of JAMF
Full story
Dell Technologies Capital, the venture
investment practice for Dell Technologies, announces strong
investment momentum one year after coming out of stealth. From
May 2017 to April 2018, the investment team completed 24 new
and follow-on investments as part of its $100 million average annual investment run rate.
Since 2012, Dell Technologies Capital has made 81 investments
focused on early-stage startups that span a broad range of
technology areas. In the past year, a third of new investments
focused on artificial intelligence (AI) and machine learning (ML)
and the remaining investments focused on security, next-gen
infrastructure and other technology areas strategic to
the Dell Technologies family of companies.
The venture team had 11 exits in the past year, of which three
of its portfolio companies IPO'd in the past seven months.
Dell Technologies Capital was the first institutional investor in
Zscaler (NASDAQ: ZS), a leading pioneer in transforming network
security for the cloud era; the startup went public in March 2018. Dell Technologies Capital invested in
MongoDB (NASDAQ: MDB) which went public in October 2017 and the recently public DocuSign
(NASDAQ: DOCU). These IPOs had a collective market valuation
exceeding $11 billion, highlighting
the team's ability to identify early investment opportunities and
to help build successful startups. The Dell Technologies Capital
portfolio includes several startups currently experiencing growth
rates of more than 100% and several exceeding $50 million in revenue. A full list of current
portfolio companies can be found here:
https://www.delltechnologies.com/en-us/capital/ventures/portfolio.htm
"Since coming out of stealth at Dell EMC World last year, we've
had a very busy, and very successful, year," said Scott Darling, president of Dell Technologies
Capital. "We are delighted with our continued strong performance
and the market reception to the DocuSign, MongoDB and Zscaler IPOs. The real
value we bring to Dell Technologies and our startup portfolio
companies is through our joint work, which allows us to deliver
best-of-breed solutions for our customers faster, especially in
emerging tech areas."
The Dell Technologies Capital investment team is comprised of
experienced industry professionals with a strong mix of both
operational and investment expertise, providing 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 several
emerging technology areas including but not limited
to Internet of Things (IoT), AI, ML, developer-led
Infrastructure, next-gen infrastructure, server-less computing and
security.
Key portfolio highlights
Dell Technologies Capital's
portfolio companies continue to build leadership in solving the
industry's most complex problems for G2000 enterprise
customers:
- Cylance's, one of the industry's leading cybersecurity
startups, announced crossing $100
million in trailing 12-month GAAP revenues just 39 months
from the moment its first product was shipped.
- Graphcore'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 co-led the series A in 2017. Since then the company has
raised two successful rounds of financing: Series B led by Atomico
and Series C led by Sequoia Capital.
- Minio's is the fastest growing open source object storage with
over 70 million docker pulls. Enterprises use Minio to build high
performance, secure and Amazon S3 compatible private cloud
storage.
- Moogsoft is a market leader in applying AI to IT operations
(AIOps). The company builds AIOps solutions that reduce IT alerts
and ticket volumes by up to 99% so that teams can work faster and
smarter to deliver better customer experiences. Moogsoft just
raised $40 million in Series D
financing, led by Goldman Sachs.
- RedLock enables effective cloud threat defense across Amazon
Web Services (AWS), Microsoft Azure, and Google Cloud environments.
RedLock was a key launch partner for Amazon GuardDuty and Cloud
Security Command Center for Google Cloud Platform.
The Dell-VMware-Pivotal advantage
Through its
investments and industry relationships, Dell Technologies
Capital provides a valuable link for the Dell Technologies business
units:
- BlueData provides a leading Big-Data-as-a-Service (BDaaS)
software platform and is a Select partner in Dell EMC's Technology
Connect Partner Program. The two companies have a go-to-market
relationship enabling on-demand agility and cost savings for Big
Data analytics, data science and machine learning in the
enterprise.
- Cylance's Advanced Threat Protection client is integrated with
the Dell Endpoint Security Suite Enterprise and is available for
traditional and VDI desktops. Cylance also supports VMware's
Workspace ONE Trust Network which combines simplified management
and security of users, endpoints and networks with Cylance
predictive and automated security.
- 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.
- Faction is a Multi-Cloud Platform as a Service Company
providing unmatched performance and control of applications running
across multiple public cloud infrastructure. Faction is working
with Dell EMC and VMware Cloud on AWS to enable customers to run
applications across vSphere-based cloud environments with
on-premise performance for a broad range of AWS services.
- Graphcore is using Dell Technologies' OEM and product
integration capabilities to bring their innovative AI/ML processing
technology and platforms to even more customers.
- Minio provides multi-cloud object storage for Pivotal Cloud
Foundry (PCF). Applications become portable by standardizing on the
Amazon S3-compatible API, irrespective of the underlying cloud
infrastructure. Minio deploys as a BOSH package or a Pivotal Tile
in minutes.
About Dell Technologies World
Dell Technologies World
2018 brings together the power of seven technology leaders
committed to making the digital transformation real. Join us
April 30 - May 2 in Las Vegas, learn more at
www.delltechnologiesworld.com or follow #DellTechWorld on
Twitter.
About 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 practice 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 venture practice emerged publicly in
2017. Headquartered in Palo Alto, Calif., Dell
Technologies Capital currently has offices
in Boston, Austin and Herzliya, Israel. For more information
visit www.delltechnologies.com/capital.
Copyright © 2018. All Rights Reserved. Dell, Dell EMC,
Pivotal, RSA, Secureworks, Virtustream, and the Dell Technologies
logo are trademarks of Dell Technologies in the United States
and/or other jurisdictions. VMware, Wavefront, VMware Cloud,
vSphere, Workspace ONE, and Workspace ONE Trust Network are
registered trademarks or trademarks of VMware, Inc. in the United
States and other jurisdictions. All other marks and names mentioned
herein may be trademarks of their respective companies.
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SOURCE Dell Technologies Capital