Symantec and Frost Data Capital ally to reinvigorate innovation in cyber security analytics, big data and Internet of Things (IoT) security. Symantec and Frost Data Capital will create and seed early-stage start-ups with funding, resources and expertise. These start-up companies will receive access to Frost Data Capital’s data analytics ecosystem and deep knowledge and will have the opportunity to collaborate with Symantec to solve the most complex challenges shaping tomorrow’s threat landscape.
Symantec alliance with Frost Data CapitalThe will take non-traditional steps to confront the next generation of threats targeting emerging technologies by incubating up to 10 companies per year that will deliver advanced cybersecurity analytics.
“We are taking a fresh look at driving innovation in the market and this partnership will enable Symantec to transform raw ideas and concepts into meaningful security companies. By collaborating with Frost Data Capital, we create an environment primed to incubate new, innovative and disruptive start-ups in cybersecurity – especially in the realm of IoT technologies where verticals like process control, automotive, healthcare and energy require specialized skills,” said Jeff Scheel, SVP, Strategy, Alliances and Corporate Development, Symantec.
“We are seeing a huge opportunity in the IoT security market. We are excited to work with Symantec to bring relevant security analytics solutions to market rapidly, in order to prevent next-generation cyber-attacks on corporate infrastructures. Symantec brings to the table security technology, global presence and strategic relationships that will be instrumental to launching these start-ups,” said John Vigouroux, Managing Partner & President, Frost Data Capital.