The security software producer has now made five investments from its Silicon Valley-based fund and will target startups that are a strategic fit.

China-based software producer Qihoo 360 Technology has launched a corporate venturing unit in Silicon Valley in order to make investments on its behalf, the Wall Street Journal has reported.

Qihoo’s fund has not been allocated a specific size, but will invest in startups its parent company, which specialises in security software, deems strategically significant.

“We find a company we like, we try to partner and become strategic investors,” Mike Liao, Qihoo 360’s director of strategic initiatives, told WSJ.

“We think…

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