Symantec and Frost Data Capital to incubate cyber security startups

USA: 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.

The partners will take nontraditional 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, and deep expertise in big data analytics, IoT, industrials, and healthcare.

“We’re seeing a huge opportunity in the IoT security market,” said John Vigouroux, managing partner and president of Frost Data Capital.

“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 defenses 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.