Russian information security (IS) solutions developer Solar will launch an industrial venture fund, Solar Ventures, which will invest in startups with products in the field of IS. This was reported to RB.RU by the company’s press service.
Author:
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Solar plans to invest up to 1.1 billion rubles in the fund, which represents approximately 5% of the total volume of the previously announced investment program, which is designed until the end of 2025. Solar Ventures contemplates participation in syndicated operations in the that large companies, funds and business angels participate.
“The formation of the fund creates a strategic potential for the long-term development of the company’s product portfolio through disruptive innovations and long-term investments, which, in turn, will ensure an increase in the company’s capitalization in the future. “The market dynamics in recent years, as well as the dynamics of Solar’s business, indicate that even in conditions of a high key rate, investments in information security are characterized by attractive returns,” said Igor Lyapunov, CEO of SolarGroup. of Companies.
Who can receive investments:
- Projects in the early stage, as well as companies in the scaling stage.
- A company that applies new approaches to solve information security problems.
- Teams creating and developing products in untapped cybersecurity technology niches.
According to Solar, between 2017 and 2023 only 11 transactions worth $8 million were recorded, mainly with the participation of Russian state and corporate funds. The company aims to demonstrate that investments in national cybersecurity are “timely and promising.”
On October 14, the company announced the purchase of cybersecurity auditor Digital Security.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
