The fund will invest in next-gen networks, cloud computing, and IoT-enabled smart city tech, rather than fiber cables, data centers, and wireless towers.
The startup, founded by former top US government cybersecurity officials, has a novel approach to neutralizing malicious communications.
Its CEO, a former Google chip exec, said the startup now has enough money to fund the business until it generates positive free cash flow.
Its acquisition of former VMware parent EMC helped Dell branch out from its origins as a PC maker, but left the company saddled with debt.
The startup recently raised $40 million in venture funding and now has a product ready to make Istio palatable for enterprises with heterogeneous infrastructure.