The 5th Silicon Valley International Financial Council Meeting Held
US VC Notable Capital: "Cybersecurity, a Promising Investment"
The sovereign wealth fund Korea Investment Corporation (KIC) organized a meeting to discuss the outlook and investment trends in cybersecurity technology and data infrastructure sectors between Korean institutional investors and venture capital (VC) firms and startups in Silicon Valley, USA.
On the 10th (local time), KIC announced on the 11th that it hosted the 5th 'Silicon Valley International Financial Cooperation Council' at its San Francisco office in the United States.
The meeting was attended by over 30 investment experts, including domestic venture-related investment institutions, asset management companies, and corporate venture capital (CVC) firms operating in Silicon Valley. The keynote presentation was delivered by Notable Capital, a specialized investment management firm in cybersecurity and IT sectors, and executives from five of their portfolio companies also participated to present each company's vision and strategy.
Notable, a North America-focused specialized investment management firm spun off from GGV Capital, has major investments in companies such as Airbnb, Slack, and Square. Glenn Solomon, Managing Partner of Notable, emphasized in his presentation that “the importance of data management and cybersecurity is increasing in the AI era,” and “it is crucial to select and invest in outstanding venture companies related to these fields.”
Lee Kyung-sik, head of KIC’s San Francisco office, said, “It was a meaningful occasion to deeply understand the technologies and business strategies of promising venture companies that will safely build core infrastructure in the AI era and to discuss investment opportunities together with Korean institutions.”
KIC has overseas bases in five global financial hubs (New York and San Francisco in the USA, London in the UK, Singapore, and Mumbai in India) and strives to share overseas investment information and establish mutual cooperation systems with domestic public and private financial institutions operating locally. The San Francisco office was established in 2021 to expand direct investments in ventures and startups and serves as a bridge between Korean institutional investors operating in Silicon Valley and the US VC and startup ecosystem.
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