Dell Ventures is launching a new $300 million venture fund that will broaden its investments beyond storage into several other types of startups, including cloud computing, big data, security, mobility and next-generation data center companies, Managing Director Jim Lussier told Venture Capital Dispatch.

Ernesto Benavides/Agence France-Presse/Getty Images The fund, called the Strategic Innovation Venture Fund, will be announced Thursday at Dell World–Dell Inc.’s annual customer conference–and increases the amount Dell Inc. has committed to its venture arm by five times. The company announced a $60 million Dell Fluid Data Storage Fund in 2012, which is being folded into this one.

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