Dell Technologies Capital

Venture Capital Active Palo Alto, United States Est. 2012
Last updated 2026-06-18
Portfolio
35
in our dataset
Rounds participated
56
Rounds led
9
Rounds' value
$1.7B
total disclosed, rounds participated
Stages
Seed, A Round

About

Dell Technologies Capital (DTC) is Michael Dell's early-stage VC. It's a $1.7B fund that invests in determined early-stage founders who push the envelope on technology innovation for the enterprise, connecting them to the capital, expertise, and customers they need to take a company from start to scale. DTC typically leads Seed and Series A investment rounds.

Since its inception in 2012, it has backed more than 170 startups, a list that notably includes VAST Data, Arista Networks, Cylance, DocuSign, Exotec, JFrog, MongoDB, Nasuni, Netskope, Nutanix, Nuvia, Redis, Xometry, and Zscaler. Core investment areas include cybersecurity, AI/ML, edge & logistics, data & analytics, developer tools, infrastructure, silicon and B2B applications.

DTC has offices in Palo Alto (HQ), Boston, and Tel Aviv.

Portfolio · 35

Limitless Labs
AI-Powered Toolpath Optimization and Error Prevention for CNC Programming.
Led ★ 1 round $20.0M committed Latest: 2026-06
Terra Security
Automated Penetration Testing Platform
1 round $30.0M committed Latest: 2025-09
Descope Technologies
Authentication Platform for App Developers
2 rounds $88.0M committed Latest: 2025-09
Treeverse Labs
Data Lake Management Platform
2 rounds $35.0M committed Latest: 2025-07
AAI Technologies
Expert Artificial Intelligence
Led ★ 1 round $21.0M committed Latest: 2025-05
LayerX Security
User-first Browser Security Platform
2 rounds $37.0M committed Latest: 2025-04
Twine Security
Agentic AI for cybersecurity, starting with IAM
1 round $12.0M committed Latest: 2024-11
Quantum Source
Developing powerful, cost-effective, and fault-tolerant photonic quantum computers.
Led ★ 3 rounds $77.0M committed Latest: 2024-09
Entro Security
Non Human Identity & Secrets Security Platform
Led ★ 1 round $18.0M committed Latest: 2024-06
Ibex Medical Analytics
AI-powered Cancer Diagnostics for Pathologists
3 rounds $104.0M committed Latest: 2023-09
floLIVE
Empowering IoT Ecosystems Through Global Cellular Networks
3 rounds $84.0M committed Latest: 2023-09
Sightfull.
Automated Revenue Analytics Solution
Led ★ 1 round $18.0M committed Latest: 2022-09
Cymulate
Exposure Management and Security Validation
4 rounds $122.5M committed Latest: 2022-09
Pecan AI
Deep-learning Predictive Analytics Platform
Led ★ 3 rounds $116.0M committed Latest: 2022-02
Oxeye
Application Security Posture Management Platform
1 round $5.3M committed Latest: 2021-11
Swish.ai
Agentic AI for IT Operations: Autonomous, Proactive, and Efficient
Led ★ 1 round $13.0M committed Latest: 2021-11
Lightspin
Cloud Security Platform
Led ★ 1 round $16.0M committed Latest: 2021-06
Toka
Cybersecurity Apps for Government Institutions
2 rounds $37.5M committed Latest: 2020-10
Redis
Real-time Data Platform
2 rounds $160.0M committed Latest: 2020-08
VAST Data
Unified Platform Powers AI in Modern Data Centers and Clouds
Led ★ 3 rounds $165.0M committed Latest: 2020-04
LightBits Labs
Enterprise Cloud Storage and Data Center Management
1 round $50.0M committed Latest: 2019-03
Quali
Infrastructure Orchestration and Automation Platform
1 round $22.5M committed Latest: 2018-12
SecureNative
Rethinking Security as a Service
1 round $3.8M committed Latest: 2018-11
JFrog
Software Supply Chain Platform for DevOps and Security
1 round $165.0M committed Latest: 2018-10
Twistlock
Cybersecurity and Vulnerability Detection for Virtual Container Applications
1 round $33.0M committed Latest: 2018-08
Vdoo
Integrated Device Security Platform
1 round $13.0M committed Latest: 2018-01
Elastifile
Enterprise Storage Using Hybrid Cloud Infrastructure
4 rounds $74.0M committed Latest: 2017-09
Iguazio
Machine-learning Operations Platform
1 round $33.0M committed Latest: 2017-07
otonomo
Smart Mobility Data Platform
1 round $25.0M committed Latest: 2017-04
Adallom
Cloud Access Security Solutions
1 round $30.0M committed Latest: 2015-04
Cyvera
Enterprise Security Platform
1 round $11.0M committed Latest: 2013-08
AppDome
Automated Cyber Security and Management Integration for Mobile Apps
1 round $3.9M committed Latest: 2013-07
XtremIO
All-flash Storage Solution for Enterprises
1 round $5.0M committed Latest: 2011-12
JetPatch
Patch and Agent Management Solution
1 round $2.3M committed Latest: 2010-12
Varonis Systems
Data Security Platform
1 round $15.0M committed Latest: 2009-01

Investment activity

14 portfolio exits on record.

Portfolio by sector

Cyber Security17
Business Software16
Health Tech & Life Sciences1
Industrial Technologies1
Automotive & Mobility Technologies1

Q&A

What was Dell Technologies Capital's most recent exit?
Dell Technologies Capital exited LayerX Security in May 2026 through an acquisition by Akamai Technologies for $205M.
What was Dell Technologies Capital's most recent investment?
Dell Technologies Capital recently invested in Twine Security, a B2B cybersecurity company, in a Seed round in November 2024. They also invested in Terra Security in a Series A round in June 2024.
Which sectors does Dell Technologies Capital primarily focus on for investments?
Dell Technologies Capital shows a strong focus on Cyber Security and Business Software, with 17 and 16 portfolio companies in these sectors, respectively.
Can you name some of Dell Technologies Capital's notable portfolio companies?
Dell Technologies Capital's portfolio includes VAST Data, a unified platform for AI in data centers, and JFrog, a software supply chain platform for DevOps and security.
What is Dell Technologies Capital's investment stage preference?
Dell Technologies Capital typically leads Seed and Series A investment rounds. According to startupim data, they have made 8 Seed investments and 16 Series A investments as initial rounds.
Has Dell Technologies Capital had any significant public exits?
Yes, Dell Technologies Capital had a public exit with JFrog in September 2020, which went public on NASDAQ with a valuation of $4B, raising $509M. They also had a public exit with Varonis Systems in February 2014, which went public on NASDAQ with a valuation of $955.8M.
What was a recent acquisition exit for Dell Technologies Capital in the cybersecurity space?
In March 2024, Dell Technologies Capital exited Oxeye through an acquisition by GitLab for $20.3M. Previously, in March 2023, they exited Lightspin through an acquisition by Cisco Systems for $200M.
Who are some key team members at Dell Technologies Capital?
Key team members at Dell Technologies Capital include Yair Snir, a Managing Director, and Barrel Kfir, a Partner.
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)