Story image

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

28 Jun 17

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.

How blockchain will impact NZ’s economy
Distributed ledgers and blockchain are anticipated to provide a positive uplift to New Zealand’s economy.
25% of malicious emails still make it through to recipients
Popular email security programmes may fail to detect as much as 25% of all emails with malicious or dangerous attachments, a study from Mimecast says.
Human value must be put back in marketing - report
“Digital is now so widely adopted that its novelty has worn off. In their attempt to declutter, people are being more selective about which products and services they incorporate into their daily lives."
Wine firm uses AR to tell its story right on the bottle
A Central Otago wine company is using augmented reality (AR) and a ‘digital first’ strategy to change the way it builds its brand and engages with customers.
DigiCert conquers Google's distrust of Symantec certs
“This could have been an extremely disruptive event to online commerce," comments DigiCert CEO John Merrill. 
Protecting organisations against internal fraud
Most companies tend to take a basic approach that focuses on numbers and compliance, without much room for grey areas or negotiation.
Telesmart to deliver Cloud Calling for Microsoft Teams
The integration will allow Telesmart’s Cloud Calling for Microsoft Teams to natively enable external voice connectivity from within Teams collaborative workflow environment.
Jade Software & Ambit take chatbots to next level of AI
“Conversation Agents present a huge opportunity to increase customer and employee engagement in a cost-effective manner."