Splunk launches a $150 million Splunk Ventures Fund to invest in innovative data startups and fuel the next generation of data analytics
Splunk, a machine learning analytics company that produces software for searching, monitoring, and analyzing machine-generated big data, today announced the launch of $150 million Splunk Ventures Fund to invest in innovative technology and data startups and fuel the next generation of data analytics. In conjunction with the launch, Splunk also announced its first Splunk Ventures Innovation Fund investment in Kavach, a cloud-native application security company.
Technology is fundamentally changing entire industries, globalizing businesses, big and small, and multiplying the efficiency of our workforce. Behind these global changes there is one constant: the rapidly accelerating, never-ending growth of data. Splunk Ventures is designed to invest in companies that will further drive growth of the technology ecosystem that brings data to every decision, question and action. Ultimately, these investments help customers, partners and third-party developers address new use cases and realize more value from their data.
Founded in 2004 by Erik Swan, Michael Baum, and Rob Das, the San Francisco, California-based Splunk is the market leader in analyzing machine data to deliver Operational Intelligence for security, IT and the business. Splunk software provides the enterprise machine data fabric that drives digital transformation. More than 12,000 customers in over 110 countries use Splunk solutions in the cloud and on-premises.
“Organizations around the world are not only racing to make faster, better decisions, they’re also hoping to turn data into business outcomes that are both cost and time effective,” said Doug Merritt, President and CEO, Splunk. “To meet this demand and help data live up to its full, world changing potential, it’s critical that Splunk invest in technologies that can help remove the barrier between data and action. I’m thrilled to launch Splunk Ventures and can’t wait to start working with some of the groundbreaking companies we’re investing in, as we work together to bring data to everything.”
The Splunk Ventures Innovation Fund is a $100 million fund that invests in startups working to transform data into business value. In addition to funding, Splunk Ventures provides portfolio companies with go-to-market support, access to Splunk technology and engagement with Splunk leaders.
While the growth of technology is paramount to amplify data’s impact, Splunk also believes that data has the power to make the world a better, stronger and more inclusive place for all. The Splunk Ventures Social Impact Fund is a $50 million fund that invests in organizations using data for the good of society.
“At Splunk, we firmly believe that data offers unparalleled potential to make the world better. As the world’s Data-to-Everything Platform, we have a responsibility to turn that potential into a reality,” said Ammar Maraqa, senior vice president of strategy and corporate development, Splunk. “Through investments, the Splunk Ventures Social Impact Fund helps us make good on our promise to improve society, solve problems and promote positive change with data. We’re proud to take this unique approach to the investment market, where we measure success not just on the bottom line, but also on societal impact.”