Splunk Ventures Launches With $150 Million to Fuel the Next Generation of Data Analytics
By Dawn Kawamoto
Splunk is entering the venture capital world, launching two investments funds seeded with a total of $150 million, the data analytics company said Wednesday.
Splunk Ventures will operate a $100 million Innovation Fund and also a $50 million Social Impact Fund to invest in early-stage startups.
With the Innovation Fund, the San Francisco-based company will focus on companies that help its customers, partners and third-party developers extract more value from their data and find new uses for it.
Kavach, a cloud company that aims to help customers secure their applications and privacy regardless of the form the data takes, marks the first investment for the Splunk Ventures’ Innovation Fund.
Photo courtesy of Sudipto Sarkar.