Dell Technologies Capital Announces Strong Exit & Investment Momentum in its First Year Out of Stealth
by Shrutee K/DNS
Venture
team completed 24 investments, 11 exits including three unicorn IPOs worth more
than $11 billion
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
India| May. 3, 2018 - 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.
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