doug merritt touted the move. corporate classic fun.super passionate about data and the power that data can bring to solve the worlds problems. those two funds are constructed to help invest in companies that have more of a commercial purpose on using data to solve different issues from health care to consumer issues to privacy issues. leveraging this platform, we are opening to investing outside. the other one is a social fun. the transformation from an industrial economy to another is dislocating. aree are organizations that trying to help from reskilling the population all the way through to different beneficial programs and areas of human trafficking that would not be commercial entities. goodreally do an amazing using data as a backbone. taylor: analysts are bullish on the stock. they are really bullish on the future growth opportunities. where do you see that future growth? thee have focused on technical departments for the organization. they are fully digital already which means they have overwhelming amounts of data at their dis

taylor: that was doug merritt, the ceo of splunk.s rival data dog joined new york this week. the enterprise software company went public on thursday. and hammond caught up with the ceo at the nasdaq. >> you have to solve a real problem for real customers. is wey we spend all day focus on how to make things simpler as they run applications. how do you grow in terms of market share? you have a lot of on premise competitors. it's a very crowded space. how do you compete with the big companies? it's a very big market. it's a market that's very fast. there is room in the market for many companies to be successful. the way we compete is we focus on the cloud, companies that are moving to public and private clouds and we build on that. focus on getting to the maximum level of reach with those companies, being used by as many of their engineers as possible and that makes a difference. >> what is the point of differentiation for this company? towe started the company reconcile between teams that were not seeing eye to eye and did not look at

taylor: that was doug merritt, ceo of splunk.plunk's rival data dog also joined bloomberg tv this week. the new york based enterprise software company went public on thursday. hammond caught up with the ceo at the nasdaq. solve the problem for customers and that is what we do. the way we spend all day is we focus on how to make things simpler as they run applications. ed: how do you actually grow in terms of market share? it is a very crowded space. how do you compete with the big companies here [indiscernible] all it's a very big , market. it's a market that's very fast. there is room in the market for many companies to be successful. but really, the way we compete is we focus on the cloud, and on companies that are moving to public and private clouds and we build from that from day one. we focus on getting to the maximum level of reach with those companies, being used by as many of their engineers as possible and that makes a -- makes us difference. ed: what is the point of differentiation for this company? >> we started the co

we will get details with ceo doug merritt.his is bloomberg. ♪ taylor: facebook confirmed this week it will resume collecting and transcribing some user audio clips from its in-home video device portal. i spoke to facebook's vice president for augmented and virtual reality, andrew bosworth, at the launch of a new generation of portal devices. bosworth overseas hardware and devices that facebook. take a listen. andrew: we are so excited about our new products. we have a 10 inch and an eight inch hd screen, and they are really oriented towards connecting people with the ones they love the most who are not nearby through video calling. these were designed to look like picture frames, so they can fit into anyone's home as naturally as if they were picture frames. they will even show pictures when they are not in use. taylor: and another really cool thing that you guys are launching is the tv portal as well. tell me about that. andrew: yeah. portal tv takes advantage of the biggest screen in most people 's homes, the tv, and turns i

important to customers to manage that data and turn it into effective actions. ,aylor: that was doug merrittlunk. from the d.c.re world. that's next. this is bloomberg. ♪ taylor: we are sticking with the vc landscape, but this time we are looking at the kind of tech requiring lengthy r&d as well as high-tech engineering. fundvc just closed a looking to finance startups. to tell us more about it and the managingeep tech, its partner. congrats on the $725 million fund. all about deep tech. what is it? ofdeep tech is a set technologies that uses novel commutation approaches to address hard real-world problems, which we feel is the biggest opportunity in venture today. the way i think about it is over the past 20 years, vc has supported the development of massive compute resources in the i.t. world, and now we can use those foundational technologies -- cloud and ai and big data -- to now start solving some hard real-world problems. taylor: what are some of those hard real-world problems? >> a great example is our company in the agriculture space using microbes to disrupt the $200 billion synthet

taylor: that was doug merritt, ceo of splunk. thank you for joining me.from the d.c. , world. managingear from vc partners on their big fund and big ideas. that's next. this is bloomberg. ♪ taylor: we are sticking with the vc landscape, but this time we are looking at the kind of tech requiring lengthy r&d as well as high-tech engineering. in this arena, d.c. vc just closed a fund looking to finance -- back early stage startups. this is now the eighth fund. here to talk more about it and the land of deep tech, its managing partner. thank you for joining me. congrats on the $725 million fund. all about deep tech. what is it? >> deep tech is a set of technologies that uses novel compu intentional -- computational approaches to address hard real-world problems, which we feel is the biggest opportunity in venture today. the way i think about it is over the past 20 years, vc has supported the development of massive compute resources in the i.t. world, and now we can use those foundational technologies -- cloud and ai and big data -- to now start solving some h

doug merritt is the ceo of the company that stores and collects data. and although it's headquartered in san francisco, it's going to build more here, with one building already full, this giant structure opens in march. >> the environment on san ttana row is awesome. the restaurants, the shops, the walking, the nature, it feels very main city like even though it's not in a city. >> reporter: splunk is on a roll, with a number of employees growing along with its stock price, it just announced a $150 million innovation and social fund to support smaller companies in the space. >> while amazon and google and microsoft and other wonderful companies continue to get larger, the world needs alternatives. >> reporter: merritt also recently hosted president obama when he came through the bay area. >> that lineage of technology being important, data being important, inclusiveness and thoughtful and thorough listening and interaction. >> reporter: which begs the question to one of the fastest growing data companies, can data and politics mix safely and honestly? >

taylor: that was doug merritt. , ceo of splunk.'s rival data dog also joined bloomberg tv this week. the new york-based enterprise software company went public on thursday. ed caught up with the ceo at the nasdaq. >> you have to solve the real problem for real customers. that's what we do. the way that we settled this and focus on this. once they run their infrastructures and applications. ed: how do you grow in terms of market share because you have a lot of competitors. it is a very crowded space and cloud. how do you compete with the world? olivier: it is a very big market. there is room for many companies to be successful. really, the way we compete is that we focus on cloud and companies moving from public to private clouds. we build on that from day one. we focus on getting to the maximum level of reach that is being used by many engineers. that is what makes us different. ed: what is the point of differentiation? olivier: we are trying to make data more accessible. we started between teams that did not see eye to eye or look

the company sent us these photos from his one-hour conversation on stage with doug merritt.flections from his time in and out of office. he also talked about how technology can solve issues surrounding health care and traffic. >> i'm a big barack obama fan. i love seeing him. he has the same energy. >> reporter: while talking about the presidency, the former commander in chief made a subtle reference to the current president when he said, quote, not watching tv or reading social media. these are two things i would advise a president not to do. it creates a lot of noise and clouds your judgment. the former president said he thinks the three biggest issues right now are climate change, income and wealth inequality, and the rise of division in society, but he emphasized that he remains hopeful, saying he is still the hope guy. as obama walked out to leave, crowds lined the streets. >> we miss his presence in the white house. >> reporter: they got a quick glimpse and a wave before he took off. and we did ask splunk how much they paid former president obama to speak at their even