# AT&T Ventures

AT&T Ventures is a Venture Capital based in Basking Ridge, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Basking Ridge, United States
- **Region:** North America
- **Address:** Basking Ridge, NJ, United States
- **Founded:** 1993
- **Assets under management:** Undisclosed
- **Website:** attventures.com

## Regulatory record

- **Reports private funds:** No

## About

AT&T Ventures is the corporate venture arm of AT&T. It invests in companies with early-stage technologies in areas such as connectivity, IoT, and artificial intelligence. The firm supports game-changing technologies via investments primarily ranging from Seed funding up to Series B stage companies.

## Sectors

- Telecom Tech
- Enterprise Software
- Mobility & Transportation
- Media & Entertainment

## People

- Dave Shalaby — Vice President and General Manager
- H. R. Bert (H.R.) Kamin — Managing Director
- John M. (Jack) Scanlon — President

## Questions

### Who ran investment decisions at AT&T Ventures?

Jack Scanlon served as the founding president of AT&T Ventures from its 1993 launch. H.R. Kamin held a managing director role, and Dave Shalaby later ran day-to-day operations as vice president and general manager. The team operated with a degree of autonomy from the parent company, but all investment decisions were ultimately subject to AT&T's corporate treasury and strategic priorities.

### Is AT&T Ventures still an active investment vehicle?

No. AT&T Ventures wound down as an active venture capital operation in the mid-2000s. The parent company's 2005 acquisition by SBC Communications and subsequent strategic shifts—including acquisitions of DirecTV in 2015 and Time Warner in 2018—each altered the corporate structure. AT&T Ventures did not continue as a distinct legal entity or investment vehicle following these restructurings.

### Which sectors did AT&T Ventures invest in?

The fund targeted companies in telecom infrastructure, enterprise software, mobility and transportation, and digital media. Portfolio companies included Geoworks, an early mobile operating system company; Giga Information Group, a technology advisory firm acquired by Forrester Research; and Netcentives, a loyalty-program technology company that went public in 1999. The sector mix reflected AT&T's view of converging network and content businesses.

### What was AT&T Ventures' structural relationship to Bell Labs?

AT&T Ventures operated alongside Bell Labs, not inside it. While Bell Labs conducted fundamental research and development, the Ventures group provided an equity investment path for commercializing innovations that did not fit neatly within AT&T's operating divisions. This structure allowed technologies to mature through external portfolio companies while preserving AT&T's option to become a customer, acquirer, or strategic partner.

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Last updated: 2026-06-03T20:00:00.000Z

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