HP has a new venture firm to invest in robotics, virtual reality and other buzzy new tech
While HP didn't announce how big the fund is, its AngelList page says that it's focused on technology startups working on 3D, virtual reality, hyper-mobility, Internet of things, and smart machines.
The formation of this in-house investment group, dubbed HP Tech Ventures, was mostly a formality, HP's chief technology officer Shane Wall told the Wall Street Journal's Don Clark.
HP has already quietly invested in a handful of startups since November, when the PC/printer company became a separate unit from Hewlett Packard Enterprise.
Corporate VC funds are pretty much the norm these days. Nearly ever big tech company now has an investment arm including Google, Intel, Salesforce, Cisco, SAP, even companies like Comcast.
- Beyond Artistry: Da Vinci's infamous 'Rule of Trees' faces new round of scientific scrutiny after 500 years
- Sunflower Seeds: A nutrient-packed powerhouse for health and flavor
- BMW iX1 electric SUV with 440 Km range comes to India – checkout performance and features
- Famous Indian personalities who passed away due to heart diseases in recent times
- India's balance of payments shows improvement in Q1 FY24