Ashmeet Sidana, who left the Silicon Valley venture firm Foundation Capital in 2013, has started his own venture firm, called Engineering Capital, and has closed a $32 million fund.
The firm will invest in startups that are focused on what Mr. Sidana describes as “the tsunami of change coming to the infrastructure of computing,” a change in which technologies from big, traditional IT providers such as EMC Corp.EMC +0.03% and Cisco Systems Inc.CSCO -0.25% are being passed over for technologies that can more easily accommodate the huge volumes of data being generated by companies.
