NEC Corporation has announced an investment in the “Geodesic Alliance Fund, L.P.” , a fund managed by the U.S. venture capital (VC) firm “Geodesic Investments, L.L.C.”, with the aim of strengthening its business in the area of economic security, including space, submarine cables, cyber security and national defense.
In the United States, private-sector-led innovation is progressing under a thriving startup ecosystem. In addition to private funds, government agencies in the U.S. are also actively investing and public-private partnerships that incorporate consumer technologies are deepening, leading the world in investment, technology development, and commercialization.
Geodesic, whose founding partner John V. Roos is a former U.S. Ambassador to Japan, is a rare venture capital firm that has both an investment team with expertise in the field of startups and a team that supports the promotion of collaboration between Japanese companies and international startups. The Fund is managed by Geodesic and invests in startups, mainly in the United States, specializing in the field of economic security.
Also Read: Yamato Town Adopts GMO Sign, Expanding to Kumamoto
Through this investment, NEC will gain a better understanding of the latest industry and technological trends in areas such as space, submarine cables, cyber security and national defense, and will apply this to its future business strategies. Moreover, by quickly identifying and collaborating with startups that have excellent technological capabilities, NEC will be strengthening its future business competitiveness.
NEC provides a wide range of solutions in the economic security domain and develops advanced technologies to support these solutions. Going forward, NEC will continue to create social value through co-creation with external parties while leveraging its extensive domain knowledge and technological capabilities, thereby contributing to the realization of a society in which all people can share a sense of peace and assurance.
SOURCE: NEC
