Symantec ventures into cybersecurity start-up space
Symantec has created a venture capital arm, Symantec Ventures, as it looks to work with cybersecurity start-ups.
Its plan is to get start-ups to build on its Integrated Cyber Defence Platform and save them time. It will also talk to start-ups and academic communities through sponsorship of activities such as innovation challenges and hackathons. These activities will involve internet of things (IoT) security, behavioural analytics and machine learning.
Symantec CEO Greg Clark says: “Too often entrepreneurs spend valuable time and resources building endpoint chassis, network appliances or cloud infrastructure instead of focusing their efforts on their true value-add innovation.”
As an example, Clark says a new algorithmic approach to anomaly detection can be built on top of its endpoint platform or run on top of its network and cloud security drive train.
Symantec Ventures intends to provide entrepreneurs with access to technology assets, such as its Digital Safety Platform for consumers, as well as expertise in artificial intelligence (AI), “go-to-market resources and the use of the world’s largest civilian threat intelligence network”.
