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ST Engineering invests $7.8m in cybersecurity firm Janus Technologies
It will hold a minority interest in the firm.
Singapore Technologies Engineering (ST Engineering) has made a series B investment of $7.8m in US-based cybersecurity firm Janus Technologies.
According to a press release, the investment will give ST Engineering a minority interest in the firm.
“This is the first investment by our Corporate Venture Capital unit in companies with cutting-edge technologies or breakthrough innovations,” said ST Engineering president and chief executive officer Vincent Chong.
ST Engineering has included cybersecurity, robotics, autonomous technology, and data analytics to the capabilities it will invest in for long-term growth.
"Technology start-ups, like Janus Technologies scouted by ST Engineering Ventures will be able to integrate into the Group’s ecosystems and leverage its established business networks and channels for broader business capabilities to compete globally. They will also be able to tap on the Group’s technological expertise," ST Engineering said.
The investment is not expected to affect company performance for the financial year.
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