The security software company will back internet-of-things startups in China, the US and Israel.
China-based internet security software provider Qihoo 360 intends to establish a $60m corporate venturing fund that will invest in internet-of-things startups, the Wall Street Journal has reported.
The company will be the major investor in the 360 Capital-IoT Fund, but it will also source funding from other investors and strategic partners. It will invest in China, the US and Israel, according to a presentation given by a company spokesperson in Israel last week.
Qihoo 360’s interest in investing directly in…
