IANSJun 27, 2017 17:06:57 IST
Tokyo-headquartered cyber security major Trend Micro Incorporated on 27 June announced the launch of a corporate venture fund to explore emerging technology markets.
With an initial investment of $100 million, this venture fund will allow Trend Micro to nurture a portfolio of startups that are developing ideas and living at the epicentre of hyper growth markets such as the Internet of Things (IoT). According to estimates by global research firm Gartner, 26 billion devices will be connected to the Internet by 2020.
"The explosion of devices is transforming how the world works. It is clear that the ecosystem is evolving and there is work to do to ensure organisations and individuals can operate and live safely in this new reality," Eva Chen, founder and CEO of Trend Micro, said in a statement.
Trend Micro's venture is set to offer companies financial backing, access to its world-class global threat intelligence, strategic alliances, as well as its channel of more than 28,000 partners.
"Working with these investments will uncover insights into emerging ecosystem opportunities, disruptive business models, market gaps and skill-set shortages to influence Trend Micro's cyber-security solution planning," the company said.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.