Dell Unveils $60 million Fund for “the Next Big Thing”

Dell Ventures, the investment arm of Dell, wants to find and fund the “next big thing.”
So the Round Rock-based company has unveiled a $60 million investment fund focusing on early stage companies in the “storage, server, networking, cloud computing and virtualization, analytics/BI/Big Data, mobility, end-user computing, services and software” businesses, according to a news release. The company plans to invest in five to ten promising storage startups.
Storage is a huge market with ever increasing implications, and one in which Dell is already gaining ground. Through internal
“We plan to invest more than just money; we will contribute with sweat equity too, bringing the power of Dell to startups,” according to Dell.

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