Hewlett Packard Enterprise Expands Venture Capital Program in Support of Edge-to-Cloud Strategy

Rhea-AI Summary

Hewlett Packard Pathfinder is ramping up its venture capital investments to support HPE's edge-to-cloud strategy. The initiative will begin with three new investments addressing key customer challenges in the edge, cloud, and data sectors. The investments include Cellwize, which aids 5G network deployment; vFunction, focusing on modernizing legacy applications; and SingleStore, which offers a unified database solution. These moves aim to enhance HPE's customer offerings and technological innovations.

Positive

• Pathfinder's investment strategy is expected to accelerate HPE's edge-to-cloud growth.
• Investments into innovative companies like Cellwize, vFunction, and SingleStore complement HPE's existing product offerings.

Negative

• None.

Hewlett Packard Pathfinder announces three new investments as part of plan to significantly expand investment program

HOUSTON--(BUSINESS WIRE)-- 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.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211021005354/en/

Katherine Ducker

katherine.b.ducker@hpe.com

Source: Hewlett Packard Enterprise

FAQ

What is Hewlett Packard Pathfinder's recent investment plan?

Hewlett Packard Pathfinder plans to significantly expand its venture capital investments to support HPE's edge-to-cloud strategy.

Which companies has HPE invested in as part of its expansion?

HPE's Pathfinder has made investments in Cellwize, vFunction, and SingleStore to address key customer challenges.

How does HPE plan to enhance its edge-to-cloud strategy?

HPE aims to enhance its edge-to-cloud strategy by integrating new technologies from its investments into its product portfolio.

What advantages do the new investments provide for HPE customers?

The investments are expected to offer innovative edge-to-cloud solutions that enhance customer returns and technology integration.