aylor: coming up, what does $17 billion data analytics company due to diversify?er the vc world. that's next. this is bloomberg. ♪ taylor: president trump is not the only leader in california on wednesday. former president barack obama spoke at a tech conference hosted by a big data analytics company. he offered insights on the use of data in governments as well successorch his should stay away from, saying, "the other thing that is helpful is not watching tv or reading social media. those are things i would advise if you were president not to do. it creates a lot of noise and clouds your judgment." while the company is best known for data analytics, it's got a brand-new bag -- it is entering the venture capital world wednesday. the company announced two new funds totaling $150 million. the first $100 million is its innovation fund. the other $50 million is its social impact fund. splunk ceo to talk about it. >> it is really a classic fund. we are super passionate about data and the power that data can bring to solve some of the world's problems, and those funds a

aylor: do national security officials just assume that more of this technology will be used in warfarealan: we have certainly heard that from the point of view of mystic terrorism. head of the fbi recently test -- point of view of domestic terrorism. identifiedcurity has quote unquote drones, so that is a big category. forward,threat going the federal aviation administration is looking for ways to track these devices better. clearly, the same is true overseas, where groups can sort of work on these kind of things without being tracked by the fbi and u.s. intelligence. it is definitely a concern. besides tracking some of these devices, how much future regulation do you see coming down to this? alan: there is a host of things. quickly, and the next couple of months, the government is about to propose requirements that every drone in the usb tract electronically. beyond that, they are also looking at better registration, they are trying to create a low-level tracking system that will follow these kind of like radar does. i have to tell you, the technology is tricky. they did some tests at

much data that with an easier pricing metric, they can put more data in and get more value back out. ,ayloras doug merritt ceo of spunk. data dog joined bloomberg tv this week. they went public on thursday. bloomberg caught up with the ceo. >> that is what we do. focus on making customers life's simpler. -- lives simpler. premiseave a lot of on can testers. it is crowded in the cloud. how do you compete with companies to win share from them? the market is going very fast. really, the way we compete is we focus on the cloud. we built from that from day one. we focus on getting the breach. you do that? what is the point of differentiation for this company? we started the company between teams that did not ci tie and did not look at the same kind of data, our focus from day one was to get data from sources into one place. >> everything in the public market is overshadowed by what has been going on with we work. terms just done an ipo in of the day one pricing, what would your advice be to them for going public? saye don't have much to about them. we actually use them. the best to do is focus o