Dell establishes $300 million venture fund to invest in emerging tech

The fund will invest in early-growth companies in the areas of storage, cloud, data, security, mobility and data centers

Dell has established a US$300 million venture fund that will promote the development of technologies important to the company's product portfolio.

The fund will invest in early-growth companies in storage, cloud computing, data, security, mobility, and next-generation data-center technologies, said Chief Financial Officer, Brian Gladden, during a keynote at the Dell World conference in Austin, Texas.

The venture fund, announced Thursday, comes a few months after a private equity buyout in which CEO Michael Dell and Silver Lake Partners acquired the company for $24.9 billion. As a private company, Dell can now focus on growth areas important to the company without the distractions of quarterly earnings that "clogged" the company's operations, Gladden said.

The fund will play a role in driving growth and help the company stay ahead of the technology curve, Gladden said. Some of Dell's past acquisitions were related to areas in which the company is looking to invest.

Dell Ventures, an investment arm of Dell, will work with venture capitalists and others to invest in companies.

The company will continue its long-term focus on the enterprise, will look at possible acquisitions and expand its research and development budget, said Michael Dell, who also spoke at the conference.

Despite shrinking PC sales, Dell will continue to invest in the market and introduce new tablets. The device market is a "keystone" to the company's growth, he said.

Going private paves the way for the company to grow at a faster rate, Dell said.

"We're also working to simplify our company," Dell said.

The company is focusing the conference on allaying fears among customers about its future. Customers have been concerned that some businesses, including the PC operations, would be nixed as the company cuts costs to improve profitability.

Going private also allows the company to take more bold bets without worrying about responding to investors, Dell said. The company can have a frank dialogue with customers without worrying about answering to the market, he said.

Software and storage are also a focus of the conference. Dell announced cloud partnerships with Microsoft and Google, and later Thursday will share more details about a partnership with Red Hat to co-engineer the OpenStack distributed computing environment in server deployments based on Red Hat Enterprise Linux.

Agam Shah covers PCs, tablets, servers, chips and semiconductors for IDG News Service. Follow Agam on Twitter at @agamsh. Agam's e-mail address is agam_shah@idg.com

Join the Good Gear Guide newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags Dellhardware systemssoftware

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?