MENLO PARK, Calif.--(BUSINESS WIRE)--Foundation Capital today announced that former Comcast Ventures investor Aditya (Adit) Singh has been named a partner at the firm. In this role, Singh will focus on identifying and investing in promising startups specializing in enterprise IT infrastructure, systems, software and services.
“Adit is a rare combination of deep technologist and strategic thinker whose passion is to help founders and management teams create and grow category-defining companies,” said Steve Vassallo, general partner at Foundation Capital. “Adit was a tremendous asset to our firm when he was an entrepreneur in residence here at Foundation several years ago, and we couldn’t be more thrilled to have him back onboard.”
During his time at Comcast Ventures, Singh specialized in companies in the cloud computing, data center, networking, management, security and virtualization sectors. He sourced, executed and helped manage investments in Nebula, Tely Labs and Maginatics. He was also an observer in Compass EOS, ConteXtream, Benu Networks and Immedia Semiconductor.
Like many of the Foundation Capital partners, Singh is a former entrepreneur, co-founding Bitsplay Systems, a networking appliance company that was optimized to stream video from data centers. Prior to joining Comcast Ventures, Singh served as a product manager at Enphase Energy, one of the first cleantech companies to successfully IPO. Early in his career, he was a chip designer at Cisco Systems.
“As a former entrepreneur, I know the integral role VCs can play in helping build great companies,” said Singh. “I’m a big believer in Foundation Capital’s strong dedication to collaborating with its portfolio companies and look forward to working with entrepreneurs to help them achieve tremendous success.”
About Foundation Capital
At Foundation Capital, we’re dedicated to the proposition that one entrepreneur's idea, with the right support, can become a business that changes the world. We helped Atheros create the mobile Internet, EnerNOC invent the energy demand response market, and Netflix revolutionize media distribution and consumption, among many others. We're currently invested in more than 80 high-growth ventures in the areas of consumer, information technology, software, semiconductors, and clean technology including BoardVantage, Chegg, Coverity, Lending Club, MobileIron, Simply Hired, Sunrun, TubeMogul and Venafi. Foundation Capital’s nineteen initial public offerings include Control4, Envestnet, Financial Engines, Netflix, NetZero, Responsys and Silver Spring Networks. For more information, please visit www.foundationcapital.com.
