May 7, 2020 | By Paul Glaser, Head of Pathfinder

In this article

  • Head of Pathfinder celebrates building a successful investment portfolio

  • New portfolio companies at Pathfinder

  • Solutions

  • HPE and Portfolio Company News

  • Faces at Pathfinder

  • Portfolio Company News

celebrate

Surprisingly, March marked the five-year anniversary of the first investment made by Pathfinder, Adallom. The program now exceeds $250 million invested in over 30 companies. In calendar 2019, Pathfinder portfolio companies generated over $50 million in software revenue with HPE. Pathfinder has had five successful M&A exits and currently has two unicorns.

Importantly, Pathfinder has helped inform the business strategy for HPE. We have assisted business units in evaluating external partner landscapes and identifying key strategic partners. These strategic insights are core to the mission of Pathfinder and we look forward to sharing more of our observations in the future.

The program now exceeds $250 million invested in over 30 companies

New portfolio companies at Pathfinder

  • OpsRamp: OpsRamp's differentiated multi-tenant, AI-enabled IT operations management platform aligns well with HPE's strategy for helping customers transition to hybrid cloud. OpsRamp is a natural partner to explore solutions with our GreenLake as-a-Service platform and OneView. Read more

  • IonQ: Quantum computing is an exciting, but early, technology that appears well suited to complex, scientific applications. IonQ provides industry-leading qubit technology that complements our architectural direction for Memory-Driven Computing as a service. Read more

Solutions

Cohesity secured $250 million in Series E funding to accelerate the go-to-market for its leading data management platform. Pathfinder’s participation in the round reinforces the strategic relationship between HPE and Cohesity.

Cohesity is now available as a scalable, pay-as-you-go solution delivered through HPE GreenLake. Read HPE GreenLake's blog post and Cohesity's blog to learn more.

To learn more about Cohesity’s journey with HPE and Pathfinder, check out this video as Paul Glaser, VP and Head of Pathfinder, chats with Dr. Mohit Aron, founder and CEO of Cohesity.

HPE and Portfolio Company News

  • Shape Security: In January, F5 Networks completed the $1 billion acquisition of portfolio company, Shape Security, a provider of advanced security technology for web and mobile applications.  Read more

  • SafeBreach: SafeBreach, provider of the leading breach-and-attack simulation (BAS) platform to validate security controls, visualize security risk and prioritize remediations, announced in April that it had secured $19 million in Series-C funding, including participation by HPE Pathfinder. Read more

Faces at Pathfinder

Earlier this year, we added two new members to the Pathfinder team: Michael Romero and Trisha Harry.

Michael Romero: Michael will assist in leading all aspects of the investment process including new investment evaluation, deal execution, and supporting portfolio company operators post-investment.

At his last position at Guardian Capital Partners, Michael performed due diligence on new investment opportunities and supported portfolio companies’ strategic, operational, and M&A initiatives. 

Michael earned his MS in finance from Villanova University and his BA in economics from the University of San Francisco.

Trisha Harry: Trisha will lead investments across DevSecOps.

In her ten years as a VC, her investments have spanned across enterprise software, cloud infrastructure, and frontier technology (drones, 3D printing, teleoperations) at various corporate (Microsoft, Stanley Black & Decker) and institutional (AXM Venture Capital) venture teams.

Trisha holds an MBA from Manchester Business School and a B.S in electromechanical engineering from Wentworth Institute of Technology. 

Portfolio Company News