Dealflow | September 23, 2019

Splunk launches venture arm with $50 million impact fund

Dennis Price
ImpactAlpha Editor

Dennis Price

ImpactAlpha, Sept. 23 – Data-analytics platform Splunk launched a venture investment arm that will include a $50 million “social impact fund.” Splunk Ventures also created a $100 million “innovation” fund for early stage data companies. The impact fund will invest in companies that use data to drive positive social impact, workforce development, equality and sustainability.

“We firmly believe that data offers unparalleled potential to make the world better,” said Splunk’s Ammar Maraqa.