Cybersecurity company Trend Micro announced $100 million venture fund to make investment in startups focusing on emerging technologies such as the Internet of Things (IoT).
Trend Micro, following the footsteps of rival Palo Alto Networks, will be trying to strengthen its presence in the IoT security business. 26 billion devices will be connected to the Internet by 2020, according to Gartner estimates.
Recently, Palo Alto Networks announced $20 millon venture fund to focus on security start-ups globally.
“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,” said Eva Chen, founder and chief executive officer for Trend Micro.
Trend Micro’s venture will offer companies financial backing, access to its 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 skillset shortages. These learnings will influence Trend Micro’s cybersecurity solution planning across the company.
Trend Micro’s cybersecurity solution has secured over two billion workload hours on Amazon Web Services (AWS) alone.
