Feeds

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

$60m in the Fluid Data Storage Fund pot

Reducing the cost and complexity of web vulnerability management

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. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Wanna keep your data for 1,000 YEARS? No? Hard luck, HDS wants you to anyway
Combine Blu-ray and M-DISC and you get this monster
US boffins demo 'twisted radio' mux
OAM takes wireless signals to 32 Gbps
Apple flops out 2FA for iCloud in bid to stop future nude selfie leaks
Millions of 4chan users howl with laughter as Cupertino slams stable door
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
Students playing with impressive racks? Yes, it's cluster comp time
The most comprehensive coverage the world has ever seen. Ever
Run little spreadsheet, run! IBM's Watson is coming to gobble you up
Big Blue's big super's big appetite for big data in big clouds for big analytics
Seagate's triple-headed Cerberus could SAVE the DISK WORLD
... and possibly bring us even more HAMR time. Yay!
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.