Connect with us

Company News

HPE increases Pathfinder investment program for Edge and Cloud businesses

Hewlett Packard Enterprise said that it would boost its Pathfinder venture capital program as it seeks to invest in Edge, cloud, and data.

The company announced three new investments it said were indicative of its funding strategy. HPE said that it “expects to significantly ramp its rate of investment over the next year.”

HPE is now an investor in Cellwize, a Radio Access Network (RAN) automation platform that enables telecommunications companies to accelerate 5G network deployment.

It also invested in vFunction, which helps companies modernize their legacy applications to run in containerized environments using a lightweight microservices architecture.

Finally, HPE Pathfinder put money into SingleStore, a 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.

“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, VP 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.” DCD

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2023 Communications Today

error: Content is protected !!