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.

50 million tonnes of e-waste: IT faces sustainability challenges
“Through This is IT, we want to help people better understand the problem of today’s linear “take, make, dispose” thinking around IT products and its effects like e-waste, pollution and climate change."
Vocus & Vodafone unbundle NZ's fibre network
“Unbundling fibre will provide retail service providers with a flexible future-proofed platform regardless of what tomorrow brings."
IDC: A/NZ second highest APAC IoT spenders per capita
New IDC forecast expects the Internet of Things spending in Asia/Pacific excluding Japan to reach US$381.8 Billion by 2022.
Xero launches new data capture product in NZ
“Data automation is the fastest growing app category on the Xero app marketplace so we know there is a hunger for these types of tools."
Security flaw in Xiaomi electric scooters could have deadly consequences
An attacker could target a rider, and then cause the scooter to suddenly brake or accelerate.
Four ways the technology landscape will change in 2019
Until now, organisations have only spoken about innovative technologies somewhat theoretically. This has left people without a solid understanding of how they will ultimately manifest in our work and personal lives.
IDC: Top 10 trends for NZ’s digital transformation
The CDO title is declining, 40% of us will be working with bots, the Net Promoter Score will be key to success, and more.
Kiwi partner named in HubSpot’s global top five
Hype & Dexter is an Auckland-based agency that specialises in providing organisations with marketing automation solutions.