There’s a new early stage VC firm launching today that is focusing purely on enterprise and infrastructure investments. Former Battery Ventures partner Sunil Dhaliwal is debuting Amplify Partners, a $40 million fund that will invest exclusively in infrastructure 2.0 startups.
Prior to founding Amplify Partners, Dhaliwal was a General Partner at Battery Ventures where he invested in IT infrastructure companies such as Opscode, Netezza (acquired by IBM), Splunk (which recently went public), CipherTrust (acquired by Secure Computing) and @stake (acquired by Symantec). Clearly, he has extensive experience (15 years to be exact) advising and investing in enterprise companies.
Farah Giga, who worked at Valhalla Partners, HP and Hitachi Data Systems, is joining the firm as Principal.
Infrastructure 2.0 (a.k.a IT-as-a-service) includes startups who are helping businesses make sense of large amounts of data, virtualize storage and networks, and are deploying business applications in the cloud. Amplify Partners will be making initial investments ranging from $50,000 to $1.5 million across seed and Series A rounds. Current Amplify Partners portfolio companies include AppNeta, Continuuity, Datadog, Fastly, Wibidata, as well as multiple companies still in stealth mode.
“Incumbent infrastructure vendors are vulnerable in a way the technology industry hasn’t seen in over 25 years,” noted Dhaliwal in a release. “Those vendors share over a trillion dollars of market value that is ripe for disruption by startups leveraging the technical, cultural, and go-to-market shifts that define Infrastructure 2.0. We intend to be the investor of choice for entrepreneurs who share that vision. ”
The team is also supported by the firm’s Venture Amplifiers, which are a group of leaders from the IT infrastructure industry who will be helping entrepreneurs accelerate execution. Many of these leaders have also invested in Amplify’s fund as well.