Samsung SDS invests in Blocko, cybersecurity firm Darktrace

Korean global IT services company and Samsung Group affiliate Samsung SDS announced that it had invested in the U.K.-based cybersecurity start-up Darktrace and the domestic blockchain platform start-up Blocko.

Darktrace detects and responds to cyberthreats. It is capable of identifying emerging threats within computer networks in real time that may go undetected by other security systems.

Blocko provides proprietary blockchain platforms to businesses in Korea. Blockchain keeps a shared digital ledger of transaction data on a network of computers to prevent hacking and corruption. It is expected to be used in FinTech and other sectors, including the Internet of Things and medicine.

Samsung SDS believes that in order to grow, it has to obtain such technology and is focusing on investing in rising start-ups with promising technology.

“We are planning to push ahead in a business that uses a variety of advanced IT technologies with the technology on cybersecurity and blockchain from this investment,” a Samsung SDS spokesperson said. “We will be more competitive with our cybersecurity business and services, thanks to Darktrace’s futuristic cybersecurity solutions, while we will work with Blocko to commercialize emerging blockchain technology in various sectors, including IoT.”