Symantec & Frost Data Capital has announced a partnership to fuel innovation in cyber security analytics, big data and Internet of Things [IoT] security. Symantec and Frost Data Capital will create and seed early-stage startups with funding, resources and expertise. These startup 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.
Talking about the plan, Jeff Scheel, SVP, Strategy, Alliances and Corporate Development at Symantec said
We’re 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 startups in cyber security – especially in the realm of IoT technologies where verticals like process control, automotive, health care and energy require specialized skills.
The partners 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 cyber security analytics. Frost Data Capital underpins the incubator with seasoned entrepreneurs, proven innovation methodology and process, & deep expertise in big data analytics, IoT, industrials and healthcare.
John Vigouroux, Managing Partner & President, Frost Data Capital commented
We’re seeing a huge opportunity in the IoT security market. We’re excited to work with Symantec to bring cutting-edge, relevant security analytics solutions to market rapidly, in order to prevent next generation cyber-attacks on corporate infrastructures. Symantec brings to the table world-class security technology, global presence and strategic relationships that will be instrumental to launching these startups.
Recent Symantec research shows cyber attackers are leap-frogging defences in ways companies lack insight to anticipate. Further complicating security efforts, criminals are increasingly leveraging legitimate technology like enterprise software and corporate management tools, as well as emerging technology, such as connected devices to carry out attacks.
About Frost Data Capital
Frost Data Capital is a combined incubator and venture capital firm with a unique approach, designed specifically to capture some of the enormous value that will be created as the “Big Data” revolution unfolds. Based out of Southern California, Frost Data Capital has built an eco-system of innovative startups, with deep expertise in big data, entrepreneurialism, advanced technology, analytics, and the Industrial Internet. For more information, please visit Frost Data Capital