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Vmware

“Can Broadcom transform VMware's enterprise virtualization and multi-cloud infrastructure into a high-margin, subscription-based software platform?”

Founded1998
HQPalo Alto, CA, USA
Latest roundAcquired by Broadcom (2023)
Valuation~$61B (Broadcom acquisition price)
IndustryInfrastructure / BaaS
The story

VMware was founded in 1998 as a pioneering virtualization software company and went public in 2007 in one of the largest tech IPOs at the time. The company evolved from server virtualization into a multi-cloud infrastructure platform spanning compute, storage, and networking virtualization under brands like vSphere, vSAN, and NSX, as well as a developer platform (Tanzu). In 2023, Broadcom completed its acquisition of VMware, bringing it under Broadcom's enterprise software umbrella. VMware itself does not operate embedded finance products; its relevance in this domain is limited to its own internal employee benefits and back-office operations.

Last 12 months
2023-11
In the November 2023 recap →
Product timeline
1998
VMware founded as a virtualization software company.· pivot
2007
VMware went public in the largest IPO since Google at the time.· ipo
2022
Broadcom announced plans to acquire VMware in a deal valuing VMware at approximately $61 billion.· acquisition
2023
Broadcom completed the acquisition of VMware, taking the company private and integrating it under Broadcom's software division.· acquisition
The stack
0 layers disclosed in Vmware’s embedded-finance stack
Accounting gap: none

Vmware — frequently asked

Where is Vmware headquartered?

Vmware is founded in 1998 and headquartered in Palo Alto, CA, USA.

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