UPDATED 12:33 EDT / OCTOBER 03 2013

SAP Launches $650 Million Startup Fund

The frontier of Big Data innovation, startups have become a key focus for business intelligence giant SAP. The company’s independent investment arm recently launched a $650 million direct investment fund, SAP Ventures Fund II, which will focus on late stage technology companies.

Taken together with the SAP HANA Real Time Fund, a recently bolstered fund-of-funds that invests in early stage startups, SAP Ventures has raised more than $1 billion in the last 12 months. This figure underscores SAP’s efforts to address the rapid adoption of analytics, cloud computing and mobile among the traditional enterprises that constitute its customer base.

“We believe that we represent a new breed of venture capital funds. We are in a unique position of being independent and yet having unparalleled access to one of the world’s largest global ecosystems of enterprise customers and partners,” said Nino Marakovic, the CEO and managing director of SAP Ventures. “As a result, we help entrepreneurs tap into proven approaches for customer acquisition and international expansion. They get the best of both worlds — an unmatched mix of independent funding and the relationships of an enterprise powerhouse.”

The growing presence of corporate investors in Silicon Valley is helping analytics startups accelerate time to market. Numerify, a stealth company that is working to integrate data sources across the cloud and on-premise environments, recently raised $8 million in Series A funding from Lightspeed Venture Partners and over half a dozen industry bigwigs. Notable investors include ServiceNow CEO Frank Slootman, Google Enterprise president Amit Singh and Abhay Parasnis, the former head of Oracle’s public cloud business.

Set to release in early 2014, the company’s offering aims to help organizations “rapidly deliver the meaningful numbers necessary to successfully chart the course of their businesses.”


A message from John Furrier, co-founder of SiliconANGLE:

Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.

  • 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
  • 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.

Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.