On March 2, 2017 Symantec announced the launch of Symantec Ventures – its latest effort to help startups by contributing capital, reducing expenses and accelerating time to market. Per the company, Symantec Ventures is the next step post its partnership with Frost Data Capital Partner in 2015. Initially while the company aimed to foster up to 10 Security and IoT Analytics startups per year, with Symantec Ventures it plans to further its investment in areas like Machine Learning and Security Analytics.
While this launch potentially stands to benefit most in the cyber security ecosystem, at Greyhound Research we believe, it is the startups that stand to gain the highest. Our ongoing tracking of the market confirms that many of these startups either fail to sell the idea to investors or are unable to get past the initial innovation. Either ways, cyber security startups have not been a hot favourite for investors and this ultimately impacts the ability for innovation to take shape as a real-life product.
Below are 5 key reasons why we believe this announcement matters to the future of cyber security innovation…
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Sanchit Vir Gogia: Sanchit is the Chief Futurist, Founder & CEO of Greyhound Knowledge Group, a Global, Award-Winning, Digital Transformation Research & Advisory Group. He also serves as Chief Analyst & CEO of Greyhound Research, an Award-Winning, Global, Independent Technology Transformation Research & Advisory firm. To read more about him, click here.
Anshoo Nandwaani: Anshoo serves as a VP and Principal Analyst with Greyhound Research, an Award-Winning, Global, Independent Technology Transformation Research & Advisory firm. She also serves as Chief Human Resources Officer (CHRO) of Greyhound Knowledge Group, a Global, Award-Winning, Digital Transformation Research & Advisory Group. To read more about her, click here.
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