Kleiner Perkins to Invest $200 Million in Enterprise Startups This Year

Courtesy Kleiner Perkins Caufield & Byers

Venture capitalist Matt Murphy says this year could be even bigger for corporate-software maker.

Kleiner Perkins Caufield & Byers will invest at least $200 million this year in mobile applications and cloud computing services for corporate users, investment partner Matt Murphy said. The Menlo Park, California-based venture capital firm, which boosted its enterprise-technology investments in 2012, will also seek security-startup investments, Murphy said in an interview.

Startups focused on corporate users are benefiting as employees adopt personal smartphones and tablets for work. That’s triggered increased investment by companies in new tools to manage mobile and cloud-based computing, Murphy said.

“The traction in our enterprise portfolio really surprised us,” Murphy said. “We view the timing and opportunity as even better than in 2012.”

Puppet Labs, a server-management software maker backed by Kleiner, said today that the startup has received a $30 million investment from VMware. Puppet Labs and other Kleiner-funded businesses, including networking-equipment provider Aerohive Networks and application developer AppDynamics, have beat expectations, Murphy said. Last year, Sunnyvale, California-based Aerohive’s shipments rose 132 percent with annual revenue on track to reach $100 million, according to the company.

Kleiner’s recent investments include corporate data-analytics provider EdgeSpring and ClearStory Data, which makes software that lets corporations analyze and discover information stored in their databases. ClearStory raised $9 million in December from Kleiner Perkins, Andreessen Horowitz and Google Ventures. Bloomberg LP, the parent company of Bloomberg News, is an investor in Andreessen Horowitz.

In April, a Kleiner Perkins investment plans to unveil a product, similar to digital-social magazine Flipboard, aimed at corporate users. The software will gather information from various corporate applications — even those protected by firewalls — to be displayed in one place, he said.

“We are really hitting on all cylinders on the enterprise front,” Murphy said.

What do you think about this article? Comment below!