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NetApp
NetApp, founded in 1992, pivoted from storage hardware to a cloud-native software powerhouse under CEO George Kurian.
NetApp
NetApp is a US-based company founded in 1992 in San Jose. It specializes in Data Management and Cloud Storage Solutions. NetApp has not received external funding.
General information
Firm type
Asset Manager
Year founded
1992
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Jose
Corporate office
San Jose, CA, United States
Principals
George Kurian
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at NetApp Ventures?
NetApp Ventures is a corporate venture capital arm run by the firm's executive leadership under CEO George Kurian. The unit does not have a publicly named managing partner. Investment decisions are made internally, aligning with the parent company's product roadmap and cloud-partner relationships.
How does NetApp Ventures source proprietary deal flow?
The venture team sources opportunities through NetApp's engineering and product organizations, its partnerships with AWS, Azure, and Google Cloud, and its installed base of enterprise customers. Because the parent company operates across on-premises, hybrid, and public-cloud environments, engineering teams often identify promising infrastructure startups before broader venture markets.
Is NetApp a family office or a corporate venture arm?
NetApp is a publicly traded enterprise-technology company that operates a corporate venture capital arm, NetApp Ventures. It is not a family office, multi-family office, or traditional asset manager. The venture unit deploys balance-sheet capital from the parent corporation and does not manage third-party assets.
Does NetApp Ventures participate in fund commitments or only direct deals?
NetApp Ventures makes direct equity investments in startups, typically at the Series A through C stage. It does not publicly report commitments to external venture funds as a limited partner. Its model prioritizes strategic alignment with portfolio companies that extend its ONTAP data-management ecosystem.
What is NetApp's known posture on co-investments alongside external GPs?
NetApp Ventures co-invests alongside traditional venture firms including Andreessen Horowitz and Lightspeed Venture Partners. Its participation is driven by strategic fit, not lead-investor status. Portfolio companies benefit from distribution through NetApp's 11,000-employee sales organization when the firm takes a board seat or commercial partnership.
Does NetApp maintain philanthropic structures, and how are they separated?
The NetApp Foundation operates as a separate entity from the venture and product teams, with an independent board. It funds educational access and disaster relief. In early 2025, it committed $1 million in grants for Northern California wildfire recovery and preparedness, a continuation of its community-focused grantmaking.
Which sectors does NetApp Ventures explicitly avoid?
NetApp Ventures invests in cloud-native infrastructure, data protection, AI operations, and edge computing. It does not publicly invest in consumer internet, enterprise SaaS unconnected to data management, or the life sciences. Its sector scope is deliberately narrow, mirroring the core data-management franchise.
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