Samsung Electronics has invested in a cloud-based mobile enterprise company called Cloudant. Cloudant is a database-as-a-serve company that was even backed by the U.S. CIA agency as a customer and investor. Other investors in Cloudant includes Y Combinator and Avalon Ventures. Cloudant was a Y Combinator class in 2008.
Samsung Catalyst Fund Posts
Samsung is spending $1.1 billion on a new Samsung Strategy and Innovation Center (SSIC). The SSIC will be a “global engine to accelerate innovation and to drive new business creation.” The company will have three offices worldwide and will give the opportunity for the company to interface with entrepreneurs outside of the company. Samsung will also provide mentorship for new businesses.