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Dell Ventures unveiled a $60 million early stage investment fund, the Dell Fluid Data Storage Fund, to invest in five to 10 storage startups. The corporate VC said average investments would be $3 million to $5 million a round. The fund is to complement M&A and internal R&D. PRESS RELEASE Dell Is Fueling the Next [...]
After a five-year-long OEM partnership, Hitachi Ltd has acquired California-based network storage company BlueArc Corp., Reuters reported. BlueArc had raised upwards of $215 million in venture capital and filed with U.S. regulators in June for an initial public offering. The company was backed by a slew of investors including Meritech Capital Partners, Crosslink Capital, Morgenthaler Ventures, Apax Partners, Weston Presidio, RWI Ventures, Dell Ventures, CTTV Investments, Celtic House Venture Partners, The Parkmead Group and Fort Washington Capital Partners. The specifics of Hitachi’s acquisition were not released, though some reports placed the price tag between $500 million and $600 million, Reuters said.