PALO ALTO, Calif., April 30, 2018 /PRNewswire/
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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:
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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.
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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.
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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.
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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.
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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:
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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.
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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.
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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.
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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.
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Graphcore is using Dell Technologies' OEM and product
integration capabilities to bring their innovative AI/ML processing technology and platforms to even more customers.
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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