Dell Launches $60M Storage Investment Fund

Round Rock-based Dell is hoping to bolster investments in storage startups, with a new, $60M fund, according to Dell founder and CEO Michael Dell. According to several reports today at the Fortune Brainstorm Tech conference in Aspen, Dell hope to invest in storage related startups, even as the company continues it strategy of acquiring companies in the storage area. Dell has benefited from a number of acquisition in the storage acquisition space over the last few years, which has helped the company increase its margins and avoid an increasingly commodotized PC market. Dell has made a number of large acquisitions across the storage, networking, applications, and software area, as it looks to diversify away from PCs.