Wistron Corporation has launched a USD20 million venture capital fund with Silicon Valley-based Fenox Venture Capital, the company said.
This partnership with Fenox VC will serve as a gateway for Wistron to access top technology startup companies through the global network of Fenox VC, as part of its goal of collaborating with world-class IT startups and giving them access to the greater Asian market.
This new fund will help startups in the areas of IoT, robotics, AR/VR technologies, etc. that require hardware-software collaboration with reliable manufacturing. The partnership will work as a bridge between the US and Asia helping the entrepreneurship community as a whole.
Wistron Corporation is a technology service provider supplying information and communication technology products, services, and systems to global customers.
Fenox Venture Capital is a Silicon Valley-based venture capital firm, which has invested in more than 85 companies globally. Investment areas include IT, health IT, artificial intelligence, IoT, robotics, big data, VR/AR, fintech, and next generation technologies. Fenox VC leverages its global network spanning the US, Asia, Europe, and the Middle East to support the global expansion of its portfolio companies.