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Trend Micro launches $100m fund to crack IoT security with its channel

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Trend Micro has launched a $100m investment fund designed to harness what it regards as the third “mega wave” of security – locking down the Internet of Things (IoT).

The corporate investment fund will see the Japanese security software vendor nurture start-ups working in the field of IoT and other growth markets.

Trend’s channel is being pitched as integral to the project, with the start-ups involved promised access not only to financial backing and Trend’s global threat intelligence, but also the vendor’s 28,000 channel partners.

With 26 billion devices set to be connected to the internet by 2020, according to Gartner, the IoT represents the next frontier of security and the fund will help Trend capture growth in this area, its founder and CEO Eva Chen said.

“We have a 29-year history of successfully anticipating technology trends to secure all types of environments,” she said.

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