Investments
29Portfolio Exits
23Partners & Customers
10Service Providers
3About VMware
VMware operates as a company focused on providing multi-cloud services for all applications. The company's main offerings include services that enable digital innovation with enterprise control, such as solutions for modern applications, multi-cloud, digital workspace, security, and networking. It was founded in 1998 and is based in Palo Alto, California. In November 2023, VMware was acquired by Broadcom.
Expert Collections containing VMware
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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 4 CB Insights research briefs, most recently on Jun 30, 2023.
Jan 20, 2021
Cloud Security Sprints Ahead In 2021Latest VMware News
Dec 8, 2023
8:24 AM MYT A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, hurt by weak enterprise spending and stiff competition in the networking chips space. Shares of the San Jose, California-based company, which recently closed its acquisition of cloud computing firm VMware, fell more than 1% in extended trading. In fiscal 2024, the company expects revenue of about $50.0 billion including contribution from VMware. This compares to analysts' average estimate of $52.50 billion according to LSEG data. "The outlook in part depends on how effectively Broadcom can weave the restructuring into its long-term AI strategy," said Jacob Bourne, an analyst at Insider Intelligence. The company also forecast annual adjusted EBITDA of about 60% of projected revenue, which comes out to be around $30 billion, an expected increase of nearly $7 billion from its 2023 EBITDA. Broadcom's original goal was to improve Vmware's EBITDA contribution to $8.5 billion within three years of closing. Broadcom finance chief Kirsten Spears had said in September that generative artificial spending was coming from large cloud service providers, and not from enterprises yet. The company had already seen revenue from telecom and enterprise clients moderate, and with major client Cisco Systems flagging a slowdown in new orders, analysts worry Broadcom will see the impact as well. "We continue to see a very mixed demand environment for Broadcom's service provider and enterprise businesses," said Summit Insights analyst Kinngai Chan. Competition from Nvidia, whose InfiniBand is being used as an alternative to Broadcom’s core offerings for AI, is an added pain. Broadcom's revenue in the fourth quarter was $9.30 billion, below estimates of $9.41 billion. However, on an adjusted basis, the company's profit of $11.06 per share beat estimates of $10.98. (Reporting by Arsheeya Bajwa in Bengaluru; Editing by Maju Samuel) Subscribe now to our Premium Plan for an ad-free and unlimited reading experience! Topic:
VMware Investments
29 Investments
VMware has made 29 investments. Their latest investment was in Certora as part of their Series B on May 5, 2022.
VMware Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
5/17/2022 | Series B | Certora | $36M | Yes | 2 | |
12/8/2021 | Series D | Cohere Technologies | $46M | Yes | 3 | |
7/14/2020 | Series C - III | Digital Asset | Yes | 3 | ||
12/14/2018 | Series A | |||||
10/4/2018 | Series D |
Date | 5/17/2022 | 12/8/2021 | 7/14/2020 | 12/14/2018 | 10/4/2018 |
|---|---|---|---|---|---|
Round | Series B | Series D | Series C - III | Series A | Series D |
Company | Certora | Cohere Technologies | Digital Asset | ||
Amount | $36M | $46M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 3 | 3 |
VMware Portfolio Exits
23 Portfolio Exits
VMware has 23 portfolio exits. Their latest portfolio exit was VMware - Digital Workspace MSC on September 13, 2023.
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 |
|---|---|---|---|---|---|
9/13/2023 | Divestiture | VMware - Digital Workspace MSC | 1 | ||
1/25/2023 | Acquired | 24 | |||
4/11/2022 | Acquired | 5 | |||
Date | 9/13/2023 | 1/25/2023 | 4/11/2022 | ||
|---|---|---|---|---|---|
Exit | Divestiture | Acquired | Acquired | ||
Companies | VMware - Digital Workspace MSC | ||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 24 | 5 |
VMware Acquisitions
65 Acquisitions
VMware acquired 65 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 | $17.98M | Acquired | 4 | ||
9/13/2020 | Debt | $26.38M | Acquired | 1 | ||
7/6/2020 | ||||||
7/2/2020 | Debt |
VMware Partners & Customers
10 Partners and customers
VMware has 10 strategic partners and customers. VMware recently partnered with Minio on November 11, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
11/22/2023 | Licensee | United States | `` Our integration with VMware Manager is a key milestone in the development of the private cloud , '' said Ugur Tigli , CTO of MinIO Inc. `` The ability to seamlessly support both virtual machines and Kubernetes provides much needed flexibility for enterprises to modernize their infrastructure over time . | 1 | |
11/10/2023 | Partner | France | Paris and Barcelona : Orange Business and VMware , Inc. are strengthening their partnership to deliver Flexible SD-WAN with VMware , Inc. as the first fully embedded SD-WAN offering in Evolution Platform . | 1 | |
11/9/2023 | Partner | United States | IBM Watson AI and VMware partnered to assist firms , adopting Watsonx platform for GenAI . | 1 | |
11/8/2023 | Client | ||||
11/7/2023 | Partner |
Date | 11/22/2023 | 11/10/2023 | 11/9/2023 | 11/8/2023 | 11/7/2023 |
|---|---|---|---|---|---|
Type | Licensee | Partner | Partner | Client | Partner |
Business Partner | |||||
Country | United States | France | United States | ||
News Snippet | `` Our integration with VMware Manager is a key milestone in the development of the private cloud , '' said Ugur Tigli , CTO of MinIO Inc. `` The ability to seamlessly support both virtual machines and Kubernetes provides much needed flexibility for enterprises to modernize their infrastructure over time . | Paris and Barcelona : Orange Business and VMware , Inc. are strengthening their partnership to deliver Flexible SD-WAN with VMware , Inc. as the first fully embedded SD-WAN offering in Evolution Platform . | IBM Watson AI and VMware partnered to assist firms , adopting Watsonx platform for GenAI . | ||
Sources | 1 | 1 | 1 |
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 | |
Service Provider | |||
|---|---|---|---|
Associated Rounds | Acq - P2P | ||
Provider Type | Investment Bank | ||
Service Type | Financial Advisor |
Partnership data by VentureSource
VMware Team
125 Team Members
VMware has 125 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Scott Devine | Founder | Current | |
Name | Scott Devine | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |
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