Gov Tech

NEC Backs U.S. Geodesic Alliance Fund to Boost Security

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…