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

Dell has established a $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.

Dell Ventures is launching a new $300 million venture fund that will broaden its investments beyond storage into several other types of startups, including cloud computing, big data, security, mobility and next-generation data center companies, Managing Director Jim Lussier told Venture Capital Dispatch.