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Hewlett Packard Enterprise Makes a $100 Million Bet on Startups

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Victoria Torres
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They re startups hoping to win investments from HPE s venture capital arm.Putting money into startups is a way for the company to contend with new technologies from rivals like Amazon.com Inc. and Google.

Every quarter she hosts Coffee With Meg gatherings, listens to presentations from startups, asks pointed questions, and helps decide who will get the company s money.

Whitman s VC push comes after witnessing huge writedowns that cost the company more than $15 billion early in her tenure.

Also in 2012, it said it would write down about $8 billion after purchasing Electronic Data Systems four years earlier.In November, HP underwent a massive corporate split from what s now called HP Inc., which sells computers and printers.

The purpose of this is for us to actually be in the market all the time, understanding the emerging technologies, he said.Corporate venture capital is nothing new; Google and Intel Corp. both have investment arms.

Ananth said the group is also looking at possibly expanding internationally and getting into new fields such as artificial intelligence.Already, HPE is seeing gains from its investments.

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