Symantec Ventures forms to boost cybersecurity startups ZDNet

Symantec has announced the formation of a new venture arm, Symantec Ventures, to help cybersecurity startups make the transition from ideas to profits. On Thursday, the antivirus software provider said Symantec Ventures will not only provide funding to startups, but will aim to "help the startup community reduce expenses and accelerate time to market." Entrepreneurs tapped by the new venture capital arm will be given not only cash but access to Symantec technology including the Integrated Cyber Defense Platform for enterprises and the Digital Safety Platform for consumers, depending on the focus of the startup. The cybersecurity firm has also promised startups access to threat intelligence data which can be used for product testing, validation, machine learning algorithm training and AI system creation. "This kind of data can be expensive and sometimes impossible for a startup to obtain access," Symantec notes.