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Western Digital Capital

North America, California, United States, Irvine

Description

Western Digital Capital serves as the corporate venture capital arm of Western Digital Corporation, a global leader in data storage and management solutions. Based in Irvine, California, this strategic investment vehicle is dedicated to fostering innovation within the broader data ecosystem. Its core mission is to partner with pioneering startups that are fundamentally transforming how data is generated, saved, managed, and consumed, aligning closely with Western Digital's long-term strategic objectives and technological roadmap.

The firm's investment strategy is highly focused on areas critical to the future of data infrastructure. This includes advanced enterprise storage solutions, next-generation data management platforms, artificial intelligence and machine learning technologies, and cutting-edge semiconductor innovations. Western Digital Capital primarily targets growth-stage companies, often participating in Series B, C, and D funding rounds, where total round sizes frequently range from tens of millions to over $100 million. This strategic approach allows them to support companies that have demonstrated product-market fit and are poised for significant scaling.

Western Digital Capital's portfolio showcases a commitment to impactful technologies, featuring notable investments in companies such as Fungible (acquired by Microsoft), VAST Data, Lightbits Labs, Pliops, and MemVerge. Beyond providing capital, the firm offers its portfolio companies invaluable strategic guidance, access to Western Digital's extensive technical expertise, and potential opportunities for market collaboration and customer introductions. While specific check sizes are not publicly disclosed, their typical first investments are estimated to range from $1 million for strategic minority stakes in earlier growth rounds to $15 million for significant participations in later-stage funding rounds, reflecting their commitment to substantial, strategically aligned partnerships.

Investor Profile

Western Digital Capital has backed more than 31 startups, with 0 new investments in the last 12 months alone. The firm has led 8 rounds, about 26% of its total and boasts 13 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series C, Series E, Series B rounds (top funding stages).
  • Majority of deals are located in United States, France, Israel.
  • Strong thematic focus on Software, Information Technology, Data Storage.
  • Typical check size: $1M – $15M.

Stage Focus

  • Series C (26%)
  • Series E (19%)
  • Series B (19%)
  • Series Unknown (13%)
  • Series A (10%)
  • Series D (6%)
  • Seed (3%)
  • Corporate Round (3%)

Country Focus

  • United States (81%)
  • France (6%)
  • Israel (6%)
  • Belgium (3%)
  • Germany (3%)

Industry Focus

  • Software
  • Information Technology
  • Data Storage
  • Semiconductor
  • Hardware
  • Big Data
  • Cloud Storage
  • Flash Storage
  • Cloud Data Services
  • Data Center
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Western Digital Capital frequently co-invest with?

Qualcomm Ventures
North America, California, United States, San Diego
Co-Investments: 5
Magma Venture Partners
Asia, Tel Aviv, Israel, Tel Aviv
Co-Investments: 2
Dell Technologies Capital
North America, California, United States, Palo Alto
Co-Investments: 2
Sigma Partners
North America, Massachusetts, United States, Boston
Co-Investments: 2
Meritech Capital Partners
North America, California, United States, Palo Alto
Co-Investments: 2
CE Ventures (CEIIF)
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 2
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 3
Samsung Ventures
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 4
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 3
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 4

Which angels does Western Digital Capital often collaborate with?

NR
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Western Digital Capital?

Upmem

Grenoble, Rhone-Alpes, France

UPMEM offers the first scalable, programmable and efficient Processing-In-Memory (PIM) silicon-based solution for data-intensive apps.

Big DataData CenterHardware
Series UnknownSep 12, 2023
Amount Raised: $4,408,814
Ethernovia

San Jose, California, United States

Ethernovia is a developer of an Ethernet system that provides the next evolution in vehicle communication.

Autonomous VehiclesInformation and Communications Technology (ICT)Network HardwareSoftware
Series AMay 15, 2023
Amount Raised: $64,000,000
Niron Magnetics

Minneapolis, Minnesota, United States

Niron develops a manufacturing process designed for the large-scale production of permanent magnets.

AutomotiveEnergyInformation TechnologyManufacturing
Series UnknownFeb 23, 2022
Kinara

Los Altos, California, United States

Kinara’s game-changing AI solutions revolutionize what people and businesses can achieve.

Artificial Intelligence (AI)SemiconductorSoftware
Series BSep 14, 2021
Amount Raised: $34,700,000
Wasabi Technologies

Boston, Massachusetts, United States

Wasabi is a cloud storage company delivering cost effective and secure cloud storage solutions.

Cloud ComputingCloud Data ServicesCloud StorageDatabaseInformation Technology
Series CMay 20, 2021
Amount Raised: $25,000,000
Iridia

Carlsbad, California, United States

Iridia is a nanotechnology company that specializes in bio-chemistry, molecular biology, and DNA.

Data StorageElectronicsHealth CareSemiconductor
Series BMar 16, 2021
Amount Raised: $24,000,000
Chia Network

San Francisco, California, United States

Chia Network is building a blockchain platform based on Proofs of Space and Time.

BlockchainCryptocurrencyFinTech
Series UnknownAug 11, 2020
Amount Raised: $5,000,000
SiFive

San Mateo, California, United States

SiFive is a platform offering open-source semiconductor technology and software automation.

ElectronicsManufacturingSemiconductorWearables
Series EAug 11, 2020
Amount Raised: $61,000,000
NGD Systems

Irvine, California, United States

NGD Systems manufactures the world’s most advanced computational storage drives (CSDs) that allow customers to compute anywhere.

Big DataCloud StorageComputerData StorageFlash Storage
Series CFeb 5, 2020
Amount Raised: $20,000,000
Komprise

Campbell, California, United States

Komprise is a provider of unstructured data management and mobility software.

AnalyticsBig DataCloud Data ServicesData ManagementData StorageInformation TechnologySaaS
Series CFeb 4, 2019
Amount Raised: $24,000,000