Symantec Launches Venture Capital Arm Symantec Ventures

symantecSymantec Corp. (NASDAQ:SYMC), a Mountain View, CA-based cyber security company, has formed Symantec Ventures.

Symantec Ventures aims to back cybersecurity startups to accelerate the delivery of core innovation to the security marketplace. In addition to contributing capital, the venture arm will help the startup community reduce expenses and accelerate time to market via access to technology assets, including the Symantec’s Cyber Defense Platform for enterprises and the Digital Safety Platform for consumers, as well as expertise in artificial intelligence, go-to-market resources and the use of its civilian threat intelligence network.

As part of its mission, Symantec Ventures will actively engage the startup and academic communities through sponsorship of activities such as innovation challenges and hackathons in areas involving IoT security, behavioral analytics and machine learning.

The initiative will build upon a prior investment by Symantec in Appthority, an enterprise mobile app security provider.



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