Feeds

Hey, starving storage wannabes! Michael Dell wants to give you CASH

$60m in the Fluid Data Storage Fund pot

Gartner critical capabilities for enterprise endpoint backup

Dell Ventures, the Dell investment arm, has a hefty $60m pile of greenbacks to dish out to early-stage storage startups. The cash has been assigned to the Dell Fluid Data Storage Fund and the fund managers want to invest in five to 10 promising storage start-ups and assign $3m to $5m to each one for an equity position.

Dell is looking for start-ups that are working on affordable and easy-to-manage storage products that are "aligned" with Dell's fluid storage architecture concepts. The eventual aim is to bring enterprise-level storage features to the mid-market at an affordable price.

The fund managers are, in effect, a cross-functional Dell team of "experts from storage, software, CTO and corporate development" as a Dell blog puts it. This team will work with the start-ups and provide oversight. Dell says it wants to be involved more "deeply" than as a quasi VC, and that it offers both expertise and advice, which it refers to as "sweat equity." It says it can provide "a global brand and footprint, technical expertise and IP, OEM and go-to-market capabilities".

The Dell fund will invest alongside pure venture capitalists – so the funding won't be exclusive. The firm says it will be very careful with its cash and that the $60m is merely an "initial" amount – so there could be more where that came from.

If you're in an early-stage storage start-up and think you have a good case for tapping into this fund then get in touch with Dell Ventures here. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Microsoft: Azure isn't ready for biz-critical apps … yet
Microsoft will move its own IT to the cloud to avoid $200m server bill
Oracle reveals 32-core, 10 BEEELLION-transistor SPARC M7
New chip scales to 1024 cores, 8192 threads 64 TB RAM, at speeds over 3.6GHz
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Flash could be CHEAPER than SAS DISK? Come off it, NetApp
Stats analysis reckons we'll hit that point in just three years
Object storage bods Exablox: RAID is dead, baby. RAID is dead
Bring your own disks to its object appliances
Nimble's latest mutants GORGE themselves on unlucky forerunners
Crossing Sandy Bridges without stopping for breath
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.