10. Palo Alto Networks, Symantec Launch Venture Capital Arm For Startups
Two of the most prominent players in the security market – Symantec and Palo Alto Networks – launched programs in 2017 to incubate the next-generation of security startups.
Symantec Ventures debuted in March and will invest in early-stage security startups, with an particularly focus on those in artificial intelligence, analytics, and machine learning, CEO Greg Clark said at the time. The new investment arm will provide not only capital, but also access to the security vendor's extensive threat data, market insights, and integration into the company's Cyber Defense Platform.
Palo Alto Networks, meanwhile, introduced its $20 million fund in June in collaboration with Greylock Partners and Sequoia Capital and will focus on early stage, seed stage and small startups that plan to build applications on the company's new Application Framework. Potential categories for investment include threat intelligence, threat analytics, orchestration, mobile security, and IoT security.
