Corrected: China metes out $100 million punishment to Russian-controlled fund for role in 2015 crash
Tokyo-headquartered cybersecurity major Trend Micro Incorporated on Tuesday 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 cybersecurity solution planning," the company said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)