Trend Micro to nurture start-ups with $100m venture fund
The $100m venture fund will accelerate the growth of emerging technology ecosystems, such as IoT
Cybersecurity firm Trend Micro plans to invest in emerging start-ups with the launch of a $100m corporate venture fund.
Eva Chen, Trend Micro's founder and chief executive, revealed the company's vision is based on guarding the exchange of digital information.
Chen said: "The explosion of devices is transforming how the world works, thinks and acts. It is clear that the ecosystem is still evolving and there is work to do to ensure organisations and individuals can operate and live safely in this new reality."
For this reason, Trend Micro's initial $100m funding will nurture start-ups that are investing in hyper growth markets, such as the Internet of Things (IoT). It will offer companies financial backing and access to its global threat intelligence, strategic alliances and 28,000 channel partners.
In return, working with these investments will uncover insights into emerging ecosystem opportunities, disruptive business models, market gaps and skillset shortages.
Chen added: "The first mega wave we caught was the growth of the PC marketplace, the second mega wave was all about the cloud; we made a bet early on to securing the cloud and so far we have secured over two billion workload hours on Amazon Web Services (AWS) alone.
"Now, we believe the next wave has arrived with IoT; our fund will help us harness this opportunity."