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vmware.com

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Investments

27

Portfolio Exits

19

Partners & Customers

10

Service Providers

3

About VMware

VMware (NYSE: VMW) is engaged in cloud infrastructure and delivers virtualization solutions that aim to reduce IT complexity. VMware aims to accelerate an organization's transition to cloud computing, while preserving existing IT investments and enabling efficient and agile service delivery without compromising control.

VMware Headquarter Location

3401 Hillview Avenue

Palo Alto, California, 94304,

United States

+1 650 427 5000

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing VMware

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find VMware in 4 Expert Collections, including Sequoia's Microservices Ecosystem.

S

Sequoia's Microservices Ecosystem

10 items

Get small to get big. Microservices is an approach to building software that shifts away from large monolithic applications towards small, loosely coupled and composable autonomous pieces.

C

Cloud Computing

1,330 items

Cloud computing startups develop technologies for remote (off-premises) servers used to store, manage, and process data.

T

The Edge Computing Landscape

343 items

Edge computing companies facilitate workload deployment in addition to providing data processing and storage at the farthest reaches of the network. These edge computing companies range from data centers at the edge to workload management tools designed to orchestrate edge deploy

C

Conference Exhibitors

5,302 items

VMware Web Traffic

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Research containing VMware

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned VMware in 5 CB Insights research briefs, most recently on May 4, 2021.

Latest VMware News

How Has Lattice Semiconductor CEO Jim Anderson Performed In The First Three Years?

Oct 16, 2021

Lattice Two years ago, I wrote about Jim Anderson's  first anniversary  as the CEO of Lattice Semiconductor. Anderson joined Lattice after a lengthy career as a semiconductor executive, including stints at AMD and Intel. A lot has changed at Lattice Semiconductor since then, so I thought it would be an excellent time to analyze Jim Anderson's performance as CEO once again. During my days as a "big tech" executive, I remember receiving many performance evaluations from CEOs, so it's always fun to be on the other side of the coin. Lattice Semiconductor may not be the company that every consumer knows and follows closely, but the company is important to the industry and I have been researching it for the last 36 months. The company has seen quite the financial and product transformation; I would argue much of that results from the new team led by Jim Anderson versus a sector play. Lattice focuses on low power programmable leadership, and it took a reinvented product roadmap and strategy to achieve this goal. Product promises   In 2018 when Jim Anderson stepped in as Lattice's CEO, the company needed to focus more on its core markets. That meant doubling down in critical markets like AI, 5G, edge, data center, robotics, and security and creating full-stack solutions to address these markets. Lattice got to work quickly on the hardware and software side. It launched multiple families of new low power FPGAs, including CrossLink-NX, Certus-NX, Mach-NX, and CertusPro-NX - in addition to new application-specific software solution stacks for embedded vision and security - in less than a two-year window. The real point of differentiation here is that Lattice’s Nexus-based FPGAs are up to 4x more power-efficient than competitive offerings. I did not perform these tests myself but believe they are accurate. Jim Anderson positioned the company's wheelhouse to be devices that are extremely power efficient. And I also appreciate that he got aggressive on competitive positioning. In 2019, after a year in the hot seat, he laid out a new business strategy that would be the metric we should use to judge Lattice over the next two years. Driving product leadership and delivering shareholder value were two categories that the company set its sights on back in 2019. From a product perspective, the company wanted to speed up its product cadence, rebuild competitiveness, release new software solutions, execute product launch milestones on time, and enable faster customer time to market. Under the revamped leadership team, Lattice built the company's strongest product portfolio I have ever seen from the company. It also did it at 3x the pace of previous launches. Lattice has also focused on building complete solution stacks that include hardware and software instead of focusing on silicon alone. The complete solution stack strategy allows the company to focus on fewer product lines while creating more robust end-to-end solutions that are more valuable to customers and, in turn, more profitable. It also accelerates time to market as customers have to do less work to adopt Lattice technology into their designs, and removes potential FPGA versus ASIC or controller objections, which I consider its real competition. MORE FOR YOU Looking back at Lattice's 2019 metrics in 2021, the results are definitive. The company executed nearly all of those promises and has some great financial results and competitive products to show for it. Jim made sure his famous "say-do ratio" remained virtually intact. Financial results   I am an industry analyst and not a financial analyst, so I usually leave financial work for financial analysts. I am more focused on the product strategy that helped the company achieve good financial results. I have said it for years, and it remains true, you can't judge a company solely on financial results. But financial growth is a good indicator of short-term success and confidence in longer-term company strategy. It takes a lot of operational discipline to deliver good results that drive significant shareholder value. Of course, investors care deeply about profitability, cash flow, and EPS. Jim Anderson and the team have strengthened Lattice’s competitiveness in the market and done exceptionally well strengthening the balance sheet. Let's look at where Lattice was when Jim Anderson took over and the results he has helped produce since then. On August 27th, 2018, the day before Anderson was appointed CEO, Lattice's stock was sitting at $7.55. Three years later, the stock is sitting at $63.43. Those price changes represent a 740% increase in just over three years. Not too shabby in my book. Several other financial metrics help paint the whole picture. To name a couple, Lattice now has a $1 EPS run rate and a gross margin increase of 500 bps since 2018. I attended Lattice's 2021 Analyst Day, where the company laid out its new products and increased financial guidance. You can read the full writeup  here. In its most recent financial results, Lattice turned 25% YoY revenue growth, 29.1% operating profit, and double-digit YoY growth in the comms, computing, industrial and automotive markets. Looking more long-term, Lattice Semiconductor wants to target double-digit revenue growth, get gross margins to >65%, keep OPEX to 35%, and achieve an operating profit target of >30%. These goals are ambitious, but I have learned that Jim Anderson and the team are willing to put in the work to make them a reality. I believe Anderson is also conservative on the financials. I don't mean to beat a dead horse with the financials, but Lattice's performance has been impressive over the last three years. I know that these results aren't due to a singular figure, but the business execution that led to these results happened with Jim Anderson at the helm. Lattice Semiconductor is ready for more growth, and the company should strike while the iron is hot. Wrapping up  When Lattice hired Jim Anderson as CEO in 2018, I was very optimistic that Lattice would be better off for it. Three years later, I can definitively say that the company made the right decision. A strengthened product portfolio, deeper customer relationships, and a complete uphill swing of the company’s financials are all significant indicators that Jim Anderson was the right person for the job. I understand that my analysis of Anderson's performance is exceptionally positive, but I have been hard-pressed to find many reasons to criticize his performance. I am sure some will find ways to disagree. Based on the first three years of his tenure, I believe the future of Lattice Semiconductor looks bright under the leadership of Jim Anderson. The company is positioned well to continue its product leadership in low-power programmable FPGAs and as it forays into the higher-performance FPGA segment, it will challenge Intel’s Altera group and Xilinx even more as those competitors are focused on the highest-performance, highest power FPGAs. Much work will have to happen to continue at the pace set in Jim Anderson's first three years, but I think Anderson and the team are up to the task. I am eager to see what Lattice Semiconductor can accomplish if the company continues to execute. Note: Moor Insights & Strategy writers and editors may have contributed to this article. Moor Insights & Strategy, like all research and analyst firms, provides or has provided paid research, analysis, advising, or consulting to many high-tech companies in the industry, including 8x8, Advanced Micro Devices, Amazon, Applied Micro, ARM, Aruba Networks, AT&T, AWS, A-10 Strategies, Bitfusion, Blaize, Box, Broadcom, Calix, Cisco Systems, Clear Software, Cloudera, Clumio, Cognitive Systems, CompuCom, Dell, Dell EMC, Dell Technologies, Diablo Technologies, Digital Optics, Dreamchain, Echelon, Ericsson, Extreme Networks, Flex, Foxconn, Frame (now VMware), Fujitsu, Gen Z Consortium, Glue Networks, GlobalFoundries, Google (Nest-Revolve), Google Cloud, HP Inc., Hewlett Packard Enterprise, Honeywell, Huawei Technologies, IBM, Ion VR, Inseego, Infosys, Intel, Interdigital, Jabil Circuit, Konica Minolta, Lattice Semiconductor, Lenovo, Linux Foundation, MapBox, Marvell, Mavenir, Marseille Inc, Mayfair Equity, Meraki (Cisco), Mesophere, Microsoft, Mojo Networks, National Instruments, NetApp, Nightwatch, NOKIA (Alcatel-Lucent), Nortek, Novumind, NVIDIA, Nuvia, ON Semiconductor, ONUG, OpenStack Foundation, Oracle, Poly, Panasas, Peraso, Pexip, Pixelworks, Plume Design, Poly, Portworx, Pure Storage, Qualcomm, Rackspace, Rambus, Rayvolt E-Bikes, Red Hat, Residio, Samsung Electronics, SAP, SAS, Scale Computing, Schneider Electric, Silver Peak, SONY, Springpath, Spirent, Splunk, Sprint, Stratus Technologies, Symantec, Synaptics, Syniverse, Synopsys, Tanium, TE Connectivity, TensTorrent, Tobii Technology, T-Mobile, Twitter, Unity Technologies, UiPath, Verizon Communications, Vidyo, VMware, Wave Computing, Wellsmith, Xilinx, Zebra, Zededa, and Zoho which may be cited in blogs and research. Follow me on  Twitter  or  LinkedIn . Check out my  website  or some of my other work  here .

VMware Investments

27 Investments

VMware has made 27 investments. Their latest investment was in Digital Asset as part of their Series C - III on July 7, 2020.

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VMware Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/14/2020

Series C - III

Digital Asset

Yes

3

12/14/2018

Series A

Cloudify

$7M

Yes

1

10/4/2018

Series D

JFrog

$165M

No

5

6/27/2018

Series F

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$99M

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10

7/11/2017

Series E

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$99M

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10

Date

7/14/2020

12/14/2018

10/4/2018

6/27/2018

7/11/2017

Round

Series C - III

Series A

Series D

Series F

Series E

Company

Digital Asset

Cloudify

JFrog

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Subscribe to see more

Amount

$7M

$165M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

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Co-Investors

Sources

3

1

5

10

10

VMware Portfolio Exits

19 Portfolio Exits

VMware has 19 portfolio exits. Their latest portfolio exit was HyTrust on January 14, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/14/2021

Acquired

10

9/16/2020

IPO

$991

1

9/4/2018

Acquired

1

00/00/0000

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$991

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10

00/00/0000

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Subscribe to see more

10

Date

1/14/2021

9/16/2020

9/4/2018

00/00/0000

00/00/0000

Exit

Acquired

IPO

Acquired

Subscribe to see more

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Companies

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Valuation

$991

$991

Acquirer

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Sources

10

1

1

10

10

VMware Acquisitions

67 Acquisitions

VMware acquired 67 companies. Their latest acquisition was Mesh7 on March 18, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/18/2021

Acquired

14

9/29/2020

Series A

$16.18M

Acquired

4

7/7/2020

Loan

$33.95M

Acquired

1

7/6/2020

Subscribe to see more

$99M

Subscribe to see more

10

7/2/2020

Loan

Subscribe to see more

$99M

Subscribe to see more

10

Date

3/18/2021

9/29/2020

7/7/2020

7/6/2020

7/2/2020

Investment Stage

Series A

Loan

Loan

Companies

Subscribe to see more

Subscribe to see more

Valuation

Total Funding

$16.18M

$33.95M

$99M

$99M

Note

Acquired

Acquired

Acquired

Subscribe to see more

Subscribe to see more

Sources

14

4

1

10

10

VMware Partners & Customers

10 Partners and customers

VMware has 10 strategic partners and customers. VMware recently partnered with Telia on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/7/2021

Client

Telia

Sweden

Telia Company Partners With VMware To Accelerate Its Cloud-Native Journey

Telia has selected VMware as the common network horizontal digital platform on top of which 4G and 5G core network functions - both virtualized and containerized - will run .

5

10/6/2021

Partner

BetterCloud

United States

BetterCloud And VMware To Fuel The SaaS-Powered Digital Workplace

VMware 's partnership with BetterCloud offers to our customers a pre-integrated solution to automate and centralize management and security of their complex SaaS app environments , while reducing operational overhead . ''

2

10/5/2021

Supplier

ControlUp

United States

ControlUp and VMware Expand Partnership to Support the Anywhere Workforce

`` These expanded offerings speak to the partnership ControlUp and VMware have had to date and will give VMware customers the added flexibility they need to relieve pressure on IT teams and keep employees happy and productive . ''

1

10/5/2021

Partner

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Subscribe to see more

10

10/4/2021

Partner

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10

Date

10/7/2021

10/6/2021

10/5/2021

10/5/2021

10/4/2021

Type

Client

Partner

Supplier

Partner

Partner

Business Partner

Telia

BetterCloud

ControlUp

Country

Sweden

United States

United States

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News Snippet

Telia Company Partners With VMware To Accelerate Its Cloud-Native Journey

Telia has selected VMware as the common network horizontal digital platform on top of which 4G and 5G core network functions - both virtualized and containerized - will run .

BetterCloud And VMware To Fuel The SaaS-Powered Digital Workplace

VMware 's partnership with BetterCloud offers to our customers a pre-integrated solution to automate and centralize management and security of their complex SaaS app environments , while reducing operational overhead . ''

ControlUp and VMware Expand Partnership to Support the Anywhere Workforce

`` These expanded offerings speak to the partnership ControlUp and VMware have had to date and will give VMware customers the added flexibility they need to relieve pressure on IT teams and keep employees happy and productive . ''

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Sources

5

2

1

10

10

VMware Service Providers

4 Service Providers

VMware has 4 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - P2P

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acq - P2P

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

VMware Team

59 Team Members

VMware has 59 team members, including current Chief Executive Officer, President, Diane B Greene.

Name

Work History

Title

Status

Scott Devine

Founder

Current

Edward Wang

Founder

Current

Diane B Greene

Chief Executive Officer, President

Current

Paul Maritz

Chief Executive Officer, President

Current

Mark S Peek

Chief Financial Officer

Current

Name

Scott Devine

Edward Wang

Diane B Greene

Paul Maritz

Mark S Peek

Work History

Title

Founder

Founder

Chief Executive Officer, President

Chief Executive Officer, President

Chief Financial Officer

Status

Current

Current

Current

Current

Current

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