Dell Ventures, Dell’s strategic investment arm, is launching a $300 million Strategic Innovation Venture Fund. The fund will be used to invest in early-to-growth-stage companies in emerging technology areas, including storage, cloud computing, big data, next-generation data center, security and mobility.

The Strategic Innovation Venture Fund is Dell’s second major investment fund and builds on the $60 million Dell Fluid Data Storage Fund started last year.

The Dell Ventures model is to co-invest with venture capitalists and strategic investors, acting as a board advisor and making Dell resources available to the portfolio companies. These resources include technical and business counsel, as well as access to brand scale, OEM solutions, channel and go-to-market relationships.