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Kleiner Perkins Plans to Increase Investment in the Mobile & Cloud Space
 

The Silicon Valley-based firm plans to double its investment in mobile apps and cloud services this year.
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Venture capital firm Kleiner Perkins Caulfield & Byers plans to double its investment in mobile app and cloud-computing start-ups that cater to businesses, according to Bloomberg. 

The firm has already invested $100 million in the space, and reportedly plans to invest an additional $100 million in the next 12 to 18 months.

Investment partner Matt Murphy told the outlet the reason for this increased attention is that more and more businesses are adopting mobile cloud services, which allow them to remotely manage software and hardware.

The second quarter of 2012 saw a spurt of businesses employing smartphones and tablets, according to a report by software company Good Technology that analyzed mobile device usage by enterprises.

Hopping on this trend, Kleiner has recently invested in companies such as cloud-computing venture Nebula Inc. and mobile app provider Apperian.

“The enterprise is a pretty interesting opportunity right now,” Murphy told the outlet. “We intend to be even more active.”

An investor of more than 300 Information technology and biotech firms since its founding in 1972, Kleiner targets investments in market sectors, including digital, life sciences and greentech. 

 

Last updated: Aug 27, 2012




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