Splunk Inc. (NASDAQ: SPLK), a San Francisco, CA-based provider of a data platform to investigate, monitor, analyze and act on data at any scale, launched Splunk Ventures and two inaugural funds.
The new vehicles are:
– a $100m Innovation Fund investing in early stage companies that harnesses the power of data to change the world, and
– a $50m Social Impact Fund that invests in organizations using data for the good of society.
In addition to funding, Splunk Ventures provides portfolio companies with go-to-market support, access to the company’s technology and engagement with leaders.
The first first innovation fund investment has been made in Kavach, a cloud-native application security company led by Pratik Roychowdhury, Founder & CEO. According to the website, portfolio companies also include: Acalvio, Ksubaka and TalentSky.
Led by Doug Merritt, President and CEO, Splunk is a software platform for machine data that enables customers to gain real-time Operational Intelligence. More than three quarters of the Fortune 100 and thousands of enterprises, universities, government agencies and service providers use the software to harness the power of their machine data for application management, IT operations, security, web intelligence, customer and business analytics and more.
FinSMEs
19/09/2019