Former Battery Ventures general partner Sunil Dhaliwal has launched Amplify Partners, a new early stage venture capital firm based in Cambridge that exclusively focuses on infrastructure 2.0 technology. The firm is backed by IT infrastructure executives, financial industry veterans and institutional investors and will make initial investments ranging between $50,000 and $1.5 million. It is raising a $40 million fund dubbed Amplify Partners LP, of which $16.02 million has been raised so far, according to an SEC filing.
“Incumbent infrastructure vendors are vulnerable in a way the technology industry hasn’t seen in over 25 years,” Dhaliwal said in a press 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,” he added. Apart from Dhaliwal, the Amplify investment team also includes Farah Giga, earlier a principal at Valhalla Partners where she focused on early-stage investments in enterprise infrastructure.
The core investment team is supported by a roster of Venture AmplifiersTM, a group of leaders from the IT infrastructure industry who share the infrastructure 2.0 vision. The group would support the investment team in the form of executive mentorship, recruiting support, customer development and technical advice through significant equity participation in the fund. Details of the fund have not yet been disclosed.
Amplify already has a portfolio of seven companies, including two in stealth mode. The public investments include AppNeta, Continuuity, Datadog, Fastly and Wibidata. The two stealth mode startups are engaged in graph-based data analytics and software defined storage respectively. At Battery, Dhaliwal invested in companies such as Opscode, Netezza (acquired by IBM), Splunk (NASDAQ: SPLK), CipherTrust (acquired by Secure Computing) and @stake (acquired by Symantec).
Image credit: Sunil Dhaliwal’s LinkedIn profile