sb-eu logo
Story image

Trend Micro launches US$100 million venture fund to harness the IoT wave

28 Jun 2017

Cybersecurity solutions provider Trend Micro has announced the launch of a corporate venture fund to explore emerging technology markets.

With an initial investment of US$100 million, this venture fund will allow Trend Micro to nurture a portfolio of startups that are incubating ideas and living at the epicenter of hyper growth markets, such as the Internet of Things (IoT).

According to Gartner estimates, 26 billion devices will be connected to the Internet by 2020.

Trend Micro founder and chief executive officer Eva Chen notes, “Trend Micro’s vision has always been to make the world safe for exchanging digital information.

“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.”

Trend Micro’s venture will 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.

In return, 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.

“We have a 29-year history of successfully anticipating technology trends to secure all types of environments,” says Chen.

“The first mega wave we caught was the growth of the PC marketplace; we committed early on to endpoint protection and remain a Leader in Gartner’s Magic Quadrant for Endpoint Protection Platforms today.

“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,” she adds.

“Now, we believe the next wave has arrived with IoT; our fund will help us harness this opportunity.”

With a strong financial position and 72 quarters of consecutive profitability, Trend Micro is well positioned to invest funds in doing research and making advancements consistent with its corporate strategy.

The formation of this venture arm allows additional freedom to dive into new areas without disrupting core business resources.

Story image
Exabeam and Code42 partner up to launch insider threat solution
The solution will give customers a fuller picture of their environment, and will leverage automated incident response to obstruct insider threat before data loss occurs.More
Story image
How security awareness training can safeguard companies from cyber-attacks
Training goes a long way in embedding a culture of cybersecurity compliance within the company.More
Story image
Kaspersky finds red tape biggest barrier against cybersecurity initiatives
The most common obstacles that inhibit or delay the implementation of industrial cybersecurity projects include the inability to stop production (34%), and bureaucratic steps, such as a lengthy approval process (31%) and having too many decision-makers (23%). More
Story image
Kaspersky releases new report on consumer’s approach to digital services
COVID-19 related restrictions and the necessity to stay indoors has influenced the way people approach digital services, making them more aware of how securely both they, and their housemates, use the internet.More
Story image
Proofpoint and CyberArk extend partnership to further safeguard high-risk users
“Our CyberArk partnership extension provides security teams with increased detection and enhanced adaptive controls to help prevent today’s most severe threats."More
Story image
Is cyber deception the latest SOC 'game changer'?
Cyber deception reduces data breach costs by more than 51% and Security Operations Centre (SOC) inefficiencies by 32%, according to a new research report by Attivo Networks and Kevin Fiscus of Deceptive Defense.More