Security firm - Trend Micro unveils $100 million start-up fund for IoT

Security firm - Trend Micro unveils $100 million start-up fund for IoT

Posted by Vivek Nama on July 1st 2017

As per a TechCrunch report published recently, US Security firm - Trend Micro joins the start-up investment bandwagon after it unveiled a staggering $100 million corporate start-up fund . It is predominantly looking at opportunities in the internet-of-things (IoT) space and is yet to divulge further details about the scope and extent of investment.

Initially founded in the U.S. in 1988, the company is headquartered in Japan and listed on the Tokyo Stock Exchange, where its current value is around $7.5 billion, and is present in over 50 countries, with over 5,000 staff. It is best known for IT security products that include threat detection and antivirus. Through this investment it is looking to the start-up world for fresh ideas, innovation and approaches. The idea, in its own words, is “to dive into new areas without disrupting core business resources. Working with these investments will uncover insights into emerging ecosystem opportunities, disruptive business models, market gaps and skillset shortages. These learnings will influence Trend Micro’s cybersecurity solution planning across the company,” it said in a statement.
 
It is looking at making 15-20 investments per year, with no particular focus on location and the firm will give details of its investment deals before the end of 2017. The fund is an “initial” $100 million, and also implies it could be increased or be topped up over time. Trend Micro is hoping that, beyond supplying the necessary cash, it can appeal to start-ups by giving them an avenue into its experience, products and a network that it says spans more than 28,000 partner companies.

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