Dallas Venture Capital (DVC) Launches DVC Advantage To Help Accelerate Portfolio Companies Growth

[Dallas/Irving, Texas, 1/6/2021] — Dallas Venture Capital (DVC), a US & India based venturecapital firm, launched “DVC Advantage” today. Founded by Dayakar Puskoor and joined by theformer CEO and Managing Director of Wipro, Abid Neemuchwala as its Venture Partner, DVCfocuses on early and growth stage companies in cloud infrastructure, AI/ML, mobile, XR andother emerging technologies. The DVC Advantage is the firm’s tested process designed to helpits portfolio companies accelerate their growth by effectively leveraging the DVC team’s networkand insights.

Speaking on the occasion Dayakar Puskoor, Founder and Managing Partner of DVC, said, “Oneof our strongest value additions we bring is supercharging the business development of ourportfolio companies. We do this not only through our network of executives at Fortune 500 andmultinationals to drive executive level sponsorship for sales but also by the way of introductionsat the mid-manager levels. We help in building long lasting relationships that are critical tocustomer success and sustained revenue generation”.

DVC through the newly launched ‘DVC Advantage’ aims to help startups in multiple areas suchas product and technology strategy, executive mentorship, corporate governance, businessdevelopment and talent acquisition.

A recent example of advantage that the firm brought through ‘DVC Advantage’ is the fruitfulassociation between Examity and CoreStack. Examity (the world leader in learning validationand online proctoring) was introduced to CoreStack (a global cloud governance provider) byDallas Venture Capital (DVC) through DVC Advantage. CoreStack helped Examity save $1.5Million and reduce its cloud costs by 40% within the first 2 months of deployment. DayakarPuskoor, the Founder of DVC also serves on the Board of Directors of CoreStack.

“We are extremely pleased that CoreStack’s platform is able to deliver substantial savings to itscustomers like Examity and I am impressed with CoreStack’s team, specially their ability toensure a quick turnaround time from proof-of-concept to production and their unrelenting focuson realization of promised cost savings”, added Mr. Abidali Neemuchwala, former CEO of WiproTechnologies and Venture Partner, DVC who recently joined CoreStack as a strategic advisor.

The firm also noted that CoreStack’s success is being recognized by industry bodies and waschosen as a NASSCOM Emerge-50, League of 10 Award. NASSCOM is India’s premier tradebody and chamber of commerce of the Tech industry in India. Emerge 50 Awards categories &selection criteria is aligned to reflect & capture the current business transformational areas. Eachnomination in the listed categories is reviewed and validated using a multi-tried process &accessed by NASSCOM’s knowledge partner & a panel of independent judges composed of industry experts & veterans.

According to Atul Batra, NASSCOM Chair for Product, “The Emerge 50 Awards has beensuccessful in identifying the right pool of companies that have continuously matured since thetime of their nomination”.

DVC is committed to helping portfolio companies, like CoreStack, transform their growth journeyby providing strategic guidance across product, domain, strategy, customer success and growth,or financial specific matters. Prior to forming DVC, its key leadership team managed a venturecapital platform that successfully invested in twenty-one startups with multiple successful exitsand with a combined portfolio enterprise value of more than US $1 Billion.

Translating their previous experiences into DVC, the team provides extensive support to itsportfolio companies through co-investments from experienced investors, participation inincubator & accelerator programs, speaking and networking opportunities at industry andbusiness conferences. Currently, the firm plans to make investments in cloud infrastructure,AI/ML, IoT, XR, and other emerging technologies in the range of US $2 Million to $10 Million inearly and growth stage companies.

About Dallas Venture Capital

Dallas Venture Capital (DVC) is a Dallas/Irving, Texas based venture capital company with afocus on investing in early stage B2B software companies and ambitious entrepreneurs lookingto partner with investors who have been in their shoes through hands-on support in the areas ofproduct and market development. Founded by Dayakar Puskoor a pioneering Dallas basedventure capitalist with a record of investments in 22 companies and has generated five exits todate. Some examples of Dayakar’s pioneering investments include: plnar, Kore.ai, Altia Systems(acquired for $125 Million), HyperVerge, FelixHealthcare.AI, CoreStack, AmplifAI, Viviota andothers with a combined portfolio enterprise value that exceeds US $1 Billion. DVC will focus onthe management of an evergreen fund to provide broad, continuous, and repeat investmentopportunities. DVC has offices in Dallas/Irving, USA & Hyderabad, India. Learn moreat: www.dallasvc.com

For more information, please contact Manu Sharma, Dallas Venture Capital, manu@dallasvc.com

About CoreStack

CoreStack, an AI-powered multi-cloud governance solution, empowers enterprises to rapidlyachieve Continuous and Autonomous Cloud Governance at Scale. CoreStack enablesenterprises to realize outcomes such as 40% decrease in cloud costs and 50% increase inoperational efficiencies by governing operations, security, cost, access, and resources. CoreStack also assures 100% compliance with standards such as ISO, FedRAMP, NIST,HIPAA, PCI-DSS, AWS CIS & Well Architected Framework (WAF). CoreStack works with manylarge global customers across multiple industries including Financial Services, Healthcare,Retail, Education, Telecommunications, Technology and Government. The company is backedby venture investors including Dallas Venture Capital (DVC), Iron Pillar and Z5 Capital.CoreStack was recognized as IDC Innovator in Cloud Management Solutions, as League-of-10Emerge50 NASSCOM 2020 winner in Enterprise Software and in the Gartner Magic quadrantfor Cloud Management Platforms in 2020. CoreStack is a Microsoft Azure Gold & Co-Sell Partnerand Amazon AWS Advanced Technology Partner. Learn more at www.corestack.io

For more information, please contact Bala Vishwanath, CMO, CoreStack, bala@corestack.io

About NASSCOM

The National Association of Software and Services Companies (NASSCOM®) is the premiertrade body and chamber of commerce of the Tech industry in India and comprises over 2800-member companies including both Indian and multinational organisations that have a presencein India. Our membership spans across the entire spectrum of the industry from start-ups tomultinationals and from products to services, Global Service Centers to Engineering firms.Guided by India’s vision to become a leading digital economy globally, NASSCOM focuses onaccelerating the pace of transformation of the industry to emerge as the preferred enablers forglobal digital transformation. Our strategic imperatives are to reskill and upskill India’s ITworkforce to ensure that talent is future-ready in terms of new-age skills, strengthen theinnovation quotient across industry verticals, create new market opportunities - both internationaland domestic, drive policy advocacy to advance innovation and ease of doing business, andbuild the Industry narrative with focus on Talent, Trust and Innovation. And, in everything we do,we will continue to champion the need for diversity and equal opportunity.

NASSCOM has played a key role in not just the growth of the Industry to become a $180+ Billionindustry today, but we have helped establish the Tech industry in India as one of the most trustedpartners, globally. NASSCOM continues to make significant efforts in contributing towardsIndia’s GDP, exports, employment, infrastructure development and global visibility. Ourmembership base constitutes over 95% of the industry revenues in India and employs over 4Million professionals, and as technology blends into every aspect of the economy, we expect theindustry to become key driver of growth, development and inclusion for the country. Our missionis to make India a global hub for Innovation and Talent so when the world thinks Digital, theworld will think India.

For more information, please contact Kavita Doshi, NASSCOM, +91 120 4990200, kavita@nasscom.in