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§ Venture Capital · MA, USA
Corporate venture capital arm investing in early-stage technology startups for digital transformation, cloud, and enterprise tech.
Dell Technologies Capital is the corporate venture capital arm of Dell Technologies that invests in early-stage B2B technology startups, based in Palo Alto, California. The firm primarily focuses on backing companies advancing digital transformation, cloud computing, artificial intelligence, cybersecurity, and enterprise software to support innovation aligned with its parent company's broader IT infrastructure solutions. Operating as a strategic investment vehicle, the fund generates financial returns through equity investments and typically deploys approximately $200 million annually across various venture funding rounds, maintaining a portfolio of over 130 active investments. The organization has backed numerous enterprise technology innovators throughout its operational history, including recognizable portfolio companies such as Zscaler, MongoDB, CrowdStrike, and Redis. Dell Technologies Capital was officially founded in 2012 and operates as a dedicated subsidiary of the broader corporate entity originally established by Michael Dell.
Key people at Dell Technologies Capital.
Key people at Dell Technologies Capital.
Dell Technologies Capital (DTC) is an early-stage venture investment firm focused on backing innovative startups that are shaping the future of enterprise technologies. Its mission centers on investing in foundational technologies for the enterprise, providing portfolio companies with deep domain expertise and operational support to accelerate growth. DTC primarily targets sectors such as cloud infrastructure, cybersecurity, AI, data management, and enterprise software, playing a significant role in fostering innovation within the enterprise technology ecosystem by enabling startups to scale and succeed[2][4][5].
Founded in 2012 as EMC Ventures by Joe Tucci and Pat Gelsinger with Scott Darling, the firm evolved significantly after Dell’s acquisition of EMC in 2016, rebranding as Dell Technologies Capital and expanding its investment scope and team size. Over the years, DTC has invested over $1.7 billion across numerous startups, many of which have gone public, including Zscaler, MongoDB, DocuSign, and Netskope. This evolution reflects a growing focus on early-stage enterprise innovation and a commitment to supporting companies from startup through scale[2][3].
DTC rides the wave of digital transformation in enterprises, focusing on trends like hybrid cloud, edge computing, AI, and cybersecurity. The timing is critical as enterprises increasingly demand scalable, secure, and intelligent infrastructure solutions. Market forces such as cloud adoption, data explosion, and security challenges create fertile ground for DTC’s portfolio companies to innovate and capture value. By investing early in these foundational technologies, DTC influences the broader ecosystem by accelerating enterprise modernization and enabling new business models[1][2][4].
Looking ahead, Dell Technologies Capital is poised to deepen its investments in emerging enterprise technologies, including AI-driven automation, next-gen cloud architectures, and cybersecurity innovations. As digital transformation accelerates globally, DTC’s influence is likely to grow, helping shape the future enterprise technology landscape. The firm’s integration with Dell Technologies’ broader strategy ensures it remains a critical conduit between startup innovation and large-scale enterprise adoption, continuing its trajectory as a leading enterprise-focused venture investor[2][3].
Dell Technologies Capital has more than 26 tracked investments across 25 companies. The latest tracked deal is $180.0M Series B in Distyl AI in September 2025.
