Iconic VC Firm Kleiner Perkins Considering Focused Fund For Cloud Startups

Iconic VC Firm Kleiner Perkins Considering Focused Fund for Cloud Startups

More than 6 months back, I had written about the launch of the first cloud computing ETF, and how, in my mind, that represented cloud computing’s acceptance in the mainstream investing community (See: Packaging Cloud Computing as an Investment – First Cloud Computing ETF Launched). Now, this latest development may not be as mainstream, but it is certainly important considering the venture capital firm involved – Kleiner Perkins Caufield & Byers.

According to a Bloomberg news report , the VC firm is contemplating starting a new fund focused on startups selling cloud services to corporations. Matt Murphy, a partner at the firm, has been quoted as saying that the partners “have talked about it, and are intrigued by the idea,” even mentioning a possible figure of $100 million of investment this year.

VC firms backing cloud startups is nothing new. After all, that has been the regular focus of several recent articles. However, when Kleiner Perkins talks about a focused fund for this purpose, the world takes notice. Why is it so?

This is because Kleiner Perkins enjoys a reputation unsurpassed in the venture capital community. After all, they had backed some of the biggest technology companies of our time, including Amazon.com, Sun Microsystems, Electronic Arts, Genentech, Intuit, AOL and Google. Not for nothing has the Wall Street Journal hailed Kleiner Perkins it as one of the “largest and most established” venture capital firms in the world. Other encomiums include New York Times’ “one of Silicon Valley’s most prominent venture capital firms,” and Reuters calling it “one of the most successful venture capital firms in the world.” Thus, many of the most prominent names in technology owe a lot of their success to Kleiner Perkins.

It’s not that Kleiner Perkins is a stranger to cloud computing. In fact, it had backed Puppet Labs (See: Cloud Computing Startups Raise Big Money: UPDATE 4)  and Nebula last year (See: The Hottest New Cloud Computing Startup: Nebula), along with eight other cloud startups, collectively putting in $100 million. More recently led a $20 million Series C round for AppDynamics. But the creation of a specific fund for this purpose is good news for cloud computing in general and cloud computing startups in particular.

And there’s good reason why Kleiner Perkins is considering such a move. According to Matt Murphy, “Companies’ comfort level and willingness to adopt the cloud is hitting an acceleration point. Now’s the most interesting time in the last 10 years to be investing in enterprise-based companies.”

If the cloud startup fund does happen, it would not be the first such fund for Kleiner Perkins. The firm already has the $200 million iFund that invests in applications, services and components for mobile Internet devices, and another $250 million fund focused on social startups.

By Sourya Biswas

sourya

Sourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a freelance journalist with several articles published online. After 6 years of work, he has decided to pursue further studies at the University of Notre Dame, where he has completed his MBA. He holds a Bachelors in Engineering from the Indian Institute of Information Technology. He is also a member of high-IQ organizations Mensa and Triple Nine Society and has been a prolific writer to CloudTweaks over the years... http://www.cloudtweaks.com/author/sourya/

One Response to Iconic VC Firm Kleiner Perkins Considering Focused Fund For Cloud Startups

Comics

At CloudTweaks, we're plugged into the cloud, the internet of things and all that the web has to offer. From wearable technology, to mobile computing, cloud computing and big data, CloudTweaks is your source for updates and news on the most innovative technology.

Popular

Top Viral Impact

5 Considerations You Need To Review Before Investing In Data Analytics

5 Considerations You Need To Review Before Investing In Data Analytics

Review Before Investing In Data Analytics Big data, when handled properly, can lead to big change. Companies in a wide variety of industries are partnering with data analytics companies to increase operational efficiency and make evidence-based business decisions. From Kraft Foods using business intelligence (BI) to cut customer satisfaction analysis time in half, to a…

Cloud Infographic – The Power Of Cloud Disaster Recovery

Cloud Infographic – The Power Of Cloud Disaster Recovery

Cloud Infographic – The Power Of Cloud Disaster Recovery Preventing a Cloud Disaster is one thing. Recovering from a disaster is a whole other area of concern. Today’s infographic provided by CloudVelox outlines some best practices and safeguards in order to help your business make more informed decisions. About Latest Posts souryaSourya Biswas is a…

Monetization of the Internet of Things – Q&A With Brendan O’Brien

Monetization of the Internet of Things – Q&A With Brendan O’Brien

Q&A With Brendan O’Brien, Co-Founder of Aria Systems (Part 1) Monetization of the internet of things (IoT) is one of the most exciting and challenging issues facing the industry today, so we spoke with Brendan O’Brien to learn more. Brendan is the Co-Founder of Aria Systems, who are one of the leading innovators in recurring…

IBM and SAP Announce Industry’s Largest Cloud Deal

IBM and SAP Announce Industry’s Largest Cloud Deal

IBM and SAP Announce Industry’s Largest Cloud Deal IBM and SAP have shaken the cloud computing world this afternoon with the announcement of one of the largest cloud deals in the industry’s history – bringing together two of the largest technology companies in a bid to offer a more holistic service to their clients. SAP…

Cloud Infographic: Most Used Cloud Apps

Cloud Infographic: Most Used Cloud Apps

Cloud app and analytics company, Netskope released its quarterly Cloud Report. The new report reveals that enterprise employees are using an average of 397 different cloud apps (most of which are unsanctioned), when IT estimated they have 40-50 — that’s a tenfold underestimation. Below is an infographic provided courtesy of the group at Netskope which goes into further detail.…


CloudTweaks Writers & Contributors

Featured Sponsors

2015 Advertising Opportunities - Find Out More!

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Bluesquare_logo_100x100-01
cisco_logo_100x100 vmware citrix100

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021

Join Our Newsletter