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Samsung SDS sets up tech investment fund

Samsung SDS, an IT services outfit and affiliate of the Samsung Group, has made undisclosed investments in Darktrace, a UK cyber security company, and Blocko, a Korean blockchain platform, via a new technology fund.

It says: “Through these investments, we will be able to retain leading-edge technology in cyber security and blockchain. The company plans to collaborate closely with these startups to drive business growth. Samsung SDS will increase competitiveness of its cybersecurity business and services by promoting sales of the differentiated cyber threat defence solution by Darktrace to Korean companies, as well as work with Blocko to support commercialisation of emerging blockchain technology in various sectors including IoT.”

The plan is to continue to invest in global startups in such sectors as AI, analytics and IoT.

By Scott Thompson

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