ST Engineering Ventures will focus on startups developing technologies relevant to its parent company, such as robotics, data analytics and cybersecurity.
Singapore-based integrated engineering and industrial product manufacturer ST Engineering launched a corporate venturing subsidiary yesterday dubbed ST Engineering Ventures that is armed with $150m in funding.
ST produces a range of aerospace, defence, electronics and marine products. The unit will seek opportunities in sectors relevant to ST’s long-term growth, such as robotics, autonomous technology, data analytics and cybersecurity, and will initially operate out of offices in Singapore, Israel and the US.
Portfolio companies will be able to tap into ST…
