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Hewlett Packard Enterprise

North America, California, United States, Roseville

Description

Hewlett Packard Enterprise (HPE) operates its corporate venture capital arm, HPE Pathfinder Ventures, which plays a pivotal role in the company's innovation strategy. Established to identify and invest in promising early-stage and growth-stage companies, Pathfinder Ventures strategically aligns its investments with HPE's core business priorities, including artificial intelligence, edge computing, cloud technologies, data management, cybersecurity, and sustainability. This arm serves as a crucial bridge between HPE's established enterprise solutions and emerging technological advancements, fostering a symbiotic relationship where startups gain access to HPE's vast market reach and technical expertise, while HPE gains insights into disruptive technologies and potential future partnerships or acquisitions.

HPE Pathfinder Ventures typically focuses on companies ranging from Seed to Series C funding rounds, demonstrating a broad appetite for innovation across various stages of startup development. As of 2023, the venture arm has made investments in over 50 companies, showcasing a consistent commitment to nurturing the ecosystem of enterprise technology. Their investment thesis centers on identifying companies that can either complement HPE's existing product portfolio, leverage HPE's technology stack, or address new market opportunities that are synergistic with HPE's long-term vision. This strategic approach ensures that each investment contributes to HPE's broader objective of accelerating business outcomes through comprehensive edge-to-cloud solutions.

The typical first check size for HPE Pathfinder Ventures can vary significantly based on the stage and strategic fit of the investment. For early-stage opportunities such as Seed or Series A rounds, their initial investments often fall within the range of $1 million to $5 million. For more mature, growth-stage companies in Series B or C rounds, the firm is prepared to deploy larger capital, with initial checks potentially reaching up to $20 million. This flexibility allows HPE Pathfinder Ventures to engage with a diverse array of startups, from nascent innovators to those on the cusp of significant market expansion, reinforcing HPE's commitment to driving the next wave of enterprise technology.

Investor Profile

Hewlett Packard Enterprise has backed more than 37 startups, with 0 new investments in the last 12 months alone. The firm has led 6 rounds, about 16% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series C, Series D, Series B rounds (top funding stages).
  • Majority of deals are located in United States, France, Germany.
  • Strong thematic focus on Artificial Intelligence (AI), Software, Cloud Computing.
  • Typical check size: $1M – $20M.

Stage Focus

  • Series C (38%)
  • Series D (19%)
  • Series B (11%)
  • Series A (8%)
  • Series F (8%)
  • Series Unknown (5%)
  • Series E (5%)
  • Corporate Round (3%)
  • Grant (3%)

Country Focus

  • United States (95%)
  • France (3%)
  • Germany (3%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Software
  • Cloud Computing
  • Information Technology
  • Enterprise Software
  • Analytics
  • Machine Learning
  • Cloud Infrastructure
  • Data Center
  • Data Management
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Hewlett Packard Enterprise frequently co-invest with?

Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 5
Canaan Partners
North America, California, United States, Menlo Park
Co-Investments: 3
Icon Ventures
North America, California, United States, Palo Alto
Co-Investments: 3
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 7
Cisco Investments
North America, California, United States, San Francisco
Co-Investments: 5
BlackRock
North America, New York, United States, New York
Co-Investments: 5
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 3
AllegisCyber
North America, California, United States, San Francisco
Co-Investments: 3
NVIDIA
North America, California, United States, Santa Clara
Co-Investments: 4
Khosla Ventures
North America, California, United States, Menlo Park
Co-Investments: 3

Which angels does Hewlett Packard Enterprise often collaborate with?

SD
North America, California, United States, Palo Alto
Shared Deals: 1
Derek Smith
North America, California, United States
Shared Deals: 1
BH
North America, Massachusetts, United States, Cambridge
Shared Deals: 1

What are some of recent deals done by Hewlett Packard Enterprise?

Greenly

Paris, Ile-de-France, France

Greenly develops a carbon accounting platform to track, assess, manage, and reduce CO2 emissions.

Environmental EngineeringFinTechGreenTechSaaSSustainability
Series BMar 21, 2024
Amount Raised: $52,138,096
Aleph Alpha

Heidelberg, Baden-Wurttemberg, Germany

Aleph Alpha specializes in researching, developing, and implementing AI-based technologies for both public and private sectors.

Artificial Intelligence (AI)Generative AIMachine LearningNatural Language ProcessingSoftware
Series BNov 6, 2023
Amount Raised: $500,000,000
Flywheel.io

Minneapolis, Minnesota, United States

Flywheel.io is a data management and analysis platform built specifically for scientists and the researcher's workflow.

AnalyticsCloud Data ServicesCloud ManagementData ManagementSoftware
Series DJun 3, 2023
Amount Raised: $54,000,000
Lightmatter

Boston, Massachusetts, United States

Lightmatter changes chip architecture, powering faster, energy-efficient computing with photonic processors for sustainable AI advancement.

Artificial Intelligence (AI)HardwareMachine LearningSemiconductorSoftware
Series CMay 31, 2023
Amount Raised: $154,000,000
WEKA

Campbell, California, United States

WEKA is a global data platform company that delivers a cloud-native, software-based data platform for AI & next-generation workloads

Artificial Intelligence (AI)Cloud StorageData CenterData ManagementSoftware
Series DNov 15, 2022
Amount Raised: $135,000,000
Alation

Redwood City, California, United States

Alation is a data intelligence platform for banks, retailers, and government agencies.

AnalyticsArtificial Intelligence (AI)Business IntelligenceData GovernanceData IntegrationData ManagementMachine Learning
Series ENov 2, 2022
Amount Raised: $123,000,000
SingleStore

San Francisco, California, United States

SingleStore is a provider of a database for operational analytics and cloud-native applications.

AnalyticsBig DataCloud Data ServicesDatabaseEnterprise SoftwareSoftware
Series FJul 12, 2022
Amount Raised: $116,000,000
Ayar Labs

Emeryville, California, United States

Ayar Labs develops an optical I/O solution for applications that require high bandwidth and low latency using light to move data.

ComputerHardwareInformation TechnologySemiconductor
Series CApr 26, 2022
Amount Raised: $130,000,000
Dragos

Hanover, Maryland, United States

Dragos is an industrial cybersecurity company that detects and responds to threats in industrial control systems.

Cyber SecurityNetwork SecuritySecurity
Series DOct 28, 2021
Amount Raised: $200,000,000
vFunction

Menlo Park, California, United States

VFunction allows enterprises to tackle application modernization and accelerate digital transformation.

Business DevelopmentCloud Data ServicesCloud InfrastructureSoftware
Series AOct 19, 2021
Amount Raised: $26,000,000