Ray Schuder has become managing director at Hewlett-Packard Ventures, the corporate venturing unit of the computing company. The unit invested in Adallom, a US-based cloud services company, last week.
Schuder was previously head of AMD Ventures, the corporate venturing unit of the chip company. At AMD Ventures he led 13 investments including video collaboration business ViVu, bought by telepresence company Polycom in 2011, and mobile photo editor Aviary, bought by technology company Adobe, in a deal reportedly valued at up to $200m.
Schuder led the Adallom deal and has become a board observer there.
Adallom, raised $30m in the Series , which was also backed by venture capital firms Rembrandt Venture Partners, Sequoia Capital and Index Ventures.
Schuder said of the fund it is, “Balance sheet, with no set fund size. We have capability to do whatever makes sense in the investments we pursue.”