Amplify Partners closes a $49.1M For Infrastructure 2.0 Startups
Amplify Partners, the venture captial firm that is completely focused on Infrastructure 2.0 technology, has recently announced its first funding round of over $49.1 million of capital. The fund had surpassed its original goal of by earning $9 million more from its intended $40 million. They money will be used to invest in technical entreprenuers who are looking to reinvent the trillion-dollar networking, storage and Internet hardware business
“We are pleased that we received such a strong response to our vision of a firm focused on Infrastructure 2.0 and grateful for the support of our outstanding roster of limited partners. Our increased fund size will give us the additional capital to support our growing portfolio, while still remaining true to our mission of right-sized investments in early-stage companies,” noted Sunil Dhaliwal, Managing Partner, Amplify Partners.
The company had launched for less than one year ago and has been lead by a veteran enterprise technology venture capitalist Sunil Dhaliwal, which has made Amplify Partners one of the most prominent members in the enterprise technology venture capital community. Fellow investors to join in include, Appneta, Chef, Datadog, Keen,io, Conjur, Fastly, Wibidata, Continuuity, BlueData, as well as an assortment of startups still in stealth mode.
“Amplify Partners is an obvious choice for early-stage entrepreneurs who are looking to establish a deep relationship with experienced investors,” said Kumar Sreekanti, co-founder and CEO of BlueData Software. “The firm’s expertise in enterprise infrastructure has been instrumental in helping shape the direction of our product. Sunil has brought clarity of thought, a thorough understanding of market dynamics, and a unique ability to help filter signal from noise.”