As you might expect, the division will focus on developing products, research and partnerships for a field that connects everything from driverless cars, talking fridges and light bulbs to the internet.
The cash will be spread over the next three years and it will employ artificial intelligence and machine learning technology.
Michael Dell, CEO of Dell Technologies said that IoT is fundamentally changing how people live and organisations operate.
“Dell Technologies is leading the way for our customers with a new distributed computing architecture that brings IoT and artificial intelligence together in one, interdependent ecosystem from the edge to the core to the cloud. The implications for our global society will be nothing short of profound.”
The company’s new IoT division will be led by VMware CTO Ray O’Farrell. The IoT solutions division will combine its internally developed technologies with various Dell Technologies offerings.
O’Farrell said: “Dell Technologies has long seen the opportunity within the rapidly growing world of IoT, given its rich history in the edge computing market.”
“Our new IoT division will use the strength across all of Dell Technologies’ family of businesses to ensure we deliver the right solution – in combination with our vast partner ecosystem – to meet customer needs and help them deploy integrated IoT systems with greater ease.”