AsusTek Computer (ASUS) has joined hands with Silicon Valley-based Fenox Venture Capital to launch $50 million venture fund — targeting AI, IoT, Big Data and Cloud companies in start-up stage.
ASUS aims to access top technology startups through Fenox VC’s global network. In turn, ASUS will collaborate with these startups and provide the startups with access to the greater Asian and global markets.
“Fenox Venture Capital is one of the best partners to assist ASUS in our global outreach due to their innate understanding of the Asian business culture and unmatched access to North America, Europe and the broader Asian market,” said Jonney Shih, chairman of ASUS.
The new $50 million fund will focus on startups in the areas of AI, IoT, Big Data, Cloud, AR/VR and other related technologies that require hardware-software integration and can benefit from collaboration with ASUS.