NEC Corporation has announced an investment in the Geodesic Alliance Fund managed by US venture capital firm Geodesic Investments. The investment aims to strengthen NEC’s business in the areas of economic security, including space, submarine cables, cyber security and national defence.
Geodesic, whose founding partner John V. Roos is a former US Ambassador to Japan, is a rare venture capital firm that has an investment team with expertise in startups and a team that promotes collaboration between Japanese companies and international startups. The fund is managed by Geodesic and invests in startups, mainly in the United States, specializing in economic security.
Through this investment, NEC will gain a better understanding of the latest industry and technological trends in areas such as space, submarine cables, cyber security and national defence, and will apply this to its future business strategies. Moreover, by quickly identifying and collaborating with startups that have excellent technological capabilities, NEC will be strengthening its future business competitiveness.
In the United States, private-sector-led innovation is progressing under a thriving startup ecosystem. In addition to private funds, government agencies in the US are also actively investing, and public-private partnerships that incorporate consumer technologies are deepening, leading the world in investment, technology development, and commercialisation.
Going forward, NEC will continue to create social value through co-creation with external parties while leveraging its extensive domain knowledge and technological capabilities.
