
Western Digital Capital
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
Frequently Asked Questions
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