- New fund supports Samsung’s efforts to build, grow and scale cutting-edge software and services companies worldwide

By Yun Sang-ho

crow@ddaily.co.kr

[Digital Daily]

Seoul, Korea, January 5, 2017- Samsung NEXT (formerly Samsung Global Innovation Center) today announced the creation of the Samsung NEXT Fund, a $150 million venture capital investment fund, to increase Samsung’s global support of early stage startups pursuing advanced software and services innovation. The Fund enables Samsung NEXT to build upon its multi-stage global innovation platform to empower tech entrepreneurs with funding, resources and deep-domain expertise.

“We see software and services becoming a core part of Samsung Electronics’ DNA, and startups are key to achieving this vision,” said David Eun, President and Founder of Samsung NEXT. “Samsung continues to embrace entrepreneurship at all levels and this Fund shows our unwavering commitment to support great startups worldwide.”

The Fund targets pre-Seed to Series B investments with a focus on virtual reality, artificial intelligence, IoT and other new frontier technologies. Companies that have received capital from the Fund so far include: Converge Industries, Dashbot, Entry Point VR, Filament, Intezer, LiquidSky, Otto Radio, 2Sens, SafeDK and Virtru.

“Our investments bring the power of the Samsung platform to startups to accelerate their growth and ultimately their success,” said Brendon Kim, VP and Managing Director of Samsung NEXT Ventures. “The Samsung NEXT Fund expands our global reach and capabilities, while increasing Samsung’s access to more great ideas, products and talent.”

In September, Samsung NEXT launched its newest office in Tel Aviv (Samsung NEXT Tel Aviv). The new location is the fifth for the organization, which currently has teams in Mountain View, New York, San Francisco and Korea. Samsung NEXT will open additional locations in 2017.

“We’re very passionate about partnering with startups and developing meaningful relationships in startup ecosystems around the world,” said Emily Becher, Managing Director of Samsung NEXT Start and head of Samsung NEXT’s international expansion. “We leverage local experts to fuel traction and drive scale for startups right where they are.”

To coincide with Samsung NEXT’s international expansion and launch of the Fund, the company has initiated its first major rebrand effort which includes the renaming of its organization to “Samsung NEXT” and the release of a new logo and website. With the rebrand, the company’s goal is to simplify its identity and clarify its message and mission.

For the first time, at CES 2017 Eureka Park, Samsung NEXT will be showcasing startups from its investment portfolio that are pushing boundaries with new frontier technologies and innovative solutions.


네이버 뉴스스탠드에서 디지털데일리 뉴스를 만나보세요.
뉴스스탠드


  • IT언론의 새로운 대안-디지털데일리
    Copyright ⓒ 디지털데일리. 무단전재 및 재배포 금지
 
배너
· [카드뉴스] 기업의 지속가능성 해법은 결국···
· [카드뉴스] B tv 서라운드, 거실을 영화관으로
· [이지크로] 안전하고 믿을 수 있는 에스크로
배너
  • 동영상
  • 포토뉴스
 국립현대미술관 담은 삼성전자 ‘더 프레임’ 국립현대미술관 담은 삼성전자 ‘더 프레임’
  •  국립현대미술관 담은 삼성전자 ‘더 프레임’
  • LG전자-LG트윈스, 난치병 어린이 돕는다
  • 삼성전자-LG전자, 2018년 노트북 경쟁 ‘시…
  • LG전자,  ‘안전’ 국내 최고…대통령상 수상