Hewlett Packard Enterprise Expands Venture Capital Program in Support of Edge-to-Cloud Strategy
October 21 2021 - 7:45AM
Business Wire
Hewlett Packard Pathfinder announces three new investments as
part of plan to significantly expand investment program
Hewlett Packard Enterprise (NYSE: HPE) today announced plans to
expand its venture capital program, Hewlett Packard Pathfinder to
help accelerate HPE’s edge-to-cloud strategy. Pathfinder expects to
significantly ramp its rate of investment over the next year
starting with three new investments that solve key customer
challenges across edge, cloud, and data.
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Hewlett Packard Pathfinder helps to
accelerate Hewlett Packard Enterprise’s edge-to-cloud strategy
(Graphic: Business Wire)
“Our increased rate of investment will allow us to enhance our
engagement with the robust venture-backed ecosystem and better
support HPE’s vision to be the edge-to-cloud company,” said Paul
Glaser, Vice President and Head of Hewlett Packard Pathfinder. “The
new portfolio companies will add value for HPE customers by
bringing innovative, edge-to-cloud solutions that are evaluated by
HPE technologists.”
Pathfinder invests in category-leading start-ups, integrates
their technologies with the HPE product portfolio, and architects
joint go-to-market programs to bring innovative, joint solutions to
HPE customers. In addition, Pathfinder closely monitors
longer-horizon disruptive innovation, helping encourage
technological advancements that keep HPE on the leading edge.
Pathfinder’s three recent investments support HPE’s vision to be
the edge-to-cloud company:
Cellwize is a Radio Access Network (RAN) automation platform
that enables telecommunications companies to accelerate 5G network
deployment and go-to-market, as well as improve the return on their
network investments. The Cellwize solution is well positioned to
complement the HPE Communications Technology Group offerings.
vFunction helps companies modernize their legacy applications to
run in containerized environments using a lightweight microservices
architecture. vFunction will accelerate application modernization
initiatives as well as the adoption of cloud native technologies
and explore collaboration as part of the HPE GreenLake
edge-to-cloud platform ecosystem.
SingleStore is a one-stop, single database that unifies data
models and data types and offers low-latency, consistent queries
and processing for data-intensive workloads across hybrid,
on-premises, and cloud environments. HPE will evaluate introducing
SingleStore to the HPE Ezmeral Marketplace of software applications
for HPE customers and partners to provide a sophisticated modern
database with tiered storage spanning RAM, NVMe, SSDs, and cloud
object storage.
“Pathfinder is a critical component of HPE’s ‘Buy-Build-Partner’
innovation strategy and has a strong track record of informing our
strategy while delivering top-quartile industry returns,” said Hang
Tan, SVP and Chief Strategy Officer of HPE. “The strength of the
portfolio reflects alignment with our strategy, HPE’s market
leadership position, and the IT challenges we solve for our
customers.”
About Hewlett Packard Enterprise
Hewlett Packard Enterprise (NYSE: HPE) is the global
edge-to-cloud company that helps organizations accelerate outcomes
by unlocking value from all of their data, everywhere. Built on
decades of reimagining the future and innovating to advance the way
people live and work, HPE delivers unique, open and intelligent
technology solutions delivered as a service – spanning Compute,
Storage, Software, Intelligent Edge, High Performance Computing and
Mission Critical Solutions – with a consistent experience across
all clouds and edges, designed to help customers develop new
business models, engage in new ways, and increase operational
performance. For more information, visit: www.hpe.com
Forward-looking statements
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements involve risks that
could materialize or be incorrect, causing Hewlett Packard
Enterprise’s results to differ materially. All statements other
than statements of historical facts could be deemed forward-looking
statements, including but not limited to, any statements of the
plans, strategies, and objectives of management for future
operations, the execution of corporate transactions or contemplated
transformation plans and any resulting benefits; and any statements
concerning expected performance relating to products or services.
The words ”will”, “believe”, “should” and similar expressions are
intended to identify such forward-looking statements. Risks include
the competitive pressures faced by HPE’s businesses; risks
associated with executing HPE’s strategy; the development and
transition of new products and services; changes in our product or
intellectual property portfolio; and risks in filings made by HPE
from time to time with the Securities and Exchange Commission,
including HPE’s Annual Report on Form 10-K. All information
provided in this press release is as of the date indicated, and HPE
assumes no obligation and does not intend to update these
forward-looking statements, except as required under applicable
law.
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Katherine Ducker katherine.b.ducker@hpe.com
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