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Qihoo 360 planning USD 60 mln investment fund

2014-11-14 09:29:00| Telecompaper Headlines

(Telecompaper) Chinese internet company Qihoo 360 is planning to create an USD 60 million investment fund for global, early-stage Internet-of-Things (IoT) companies, the Wall Street Journal, citing a presentation shown by a company representative during a visit in Israel. The 360 Capital-IoT Fund will focus on investments in China, the US and Israel. During the recent visit to Israel, a representative of Qihoo met with different Israeli startups, including ones developing technology for wearable computing and connected homes, according to a person familiar with the company's activities. The company decline to provide any comments.

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