Global cybersecurity provider Trend Micro Inc. announced Monday it has launched a $100 million corporate venture fund aimed at exploring emerging tech markets.
Japan-based Trend Micro, which has a regional office in Irving, said it will focus on opportunities primarily in the Internet of Things arena.
“It is clear that the ecosystem is still evolving and there is work to do to ensure organizations and individuals can operate and live safely in this new reality.”
EVA CHEN
“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,” Trend Micro founder and CEO Eva Chen said in a release.
“It is clear that the ecosystem is still evolving and there is work to do to ensure organizations and individuals can operate and live safely in this new reality.”
The company said its new venture will offer companies financial support, strategic alliances as well as access to its global threat intelligence and to its 28,000 partners.
Trend Micro told TechCrunch that it plans to make 15-20 investments a year and that it already has several deals in the pipeline.
In its release, Trend Micro said that “working with these investments will uncover insights into emerging ecosystem opportunities, disruptive business models, market gaps, and skillset shortages.”
What Trend Micro learns will influence its cybersecurity solution planning across the company.
The company said that its 72 consecutive quarters of profitability put it in a strong position to invest funds in research and to make advancements that are consistent with its corporate strategy.
Trend Micro was founded in 1988 in the U.S., but moved its headquarters to Japan. It has a market cap of roughly $7.5 billion, and has more than 5,000 employees in more than 50 countries.
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