Samsung SDS, Samsung’s subsidiary group that provides Information Technology related services has recently announced investments in UK based Cyber Security firm Darktrace and Korean based blockchain startup Blocko. Samsung commented that the company will be working closely with both the companies to “increase competitiveness of its cybersecurity business and services” by selling cyber security solutions to Korean companies and by adopting to blockchain technology in commercialization of various business sectors including IoT.
This is a part of Samsung SDS’ current plan of boosting investments in startups globally to ensure future growth of technologies. Samsung SDS hasn’t disclosed any monetary value of the investments on the two startups however. The company has set up a new investment fund managed by Samsung Venture Investment Corporations (SVIC) in which Samsung SDS holds 99% of the shares. Future investments coming from this fund will be on sectors such as AI, analytics, IoT, etc Samsung SDS explained in a press release.
The UK based startup Darktrace, founded in 2013 tackles cyber threats by adopting advanced Machine Learning technology which has been developed by mathematicians, machine learning specialists and intelligence experts from MI5 and GCHQ. The company was named ‘Best Security Company of the Year’ 2016 by Info Security.
Korean based Blocko has developed its own blockchain platform and has been helping other companies in Korea to adopt their business to the new technology by providing their API which can be easily integrated to their systems.