Samsung Strategy and Innovation Center
Overview
Samsung Strategy and Innovation Center (SSIC) is a division of Samsung Electronics that collaborates with entrepreneurs and corporate partners to invest in disruptive technologies. Founded in 2012 and headquartered in Menlo Park, California, SSIC focuses on areas such as artificial intelligence, digital health, mobility, the Internet of Things, and other consumer-facing applications of data-driven technology. The center operates additional locations in San Jose, California; Paris, France; Tel Aviv, Israel; and Seoul, South Korea. SSIC is led by Young Sohn, Samsung Electronics' president and chief strategy officer. SSIC employs a multifaceted strategy to foster innovation, including investments through the Samsung Catalyst Fund, which has completed more than 40 investments globally. The center also engages in mergers and acquisitions, such as the $8 billion acquisition of Harman International Industries in 2017, marking Samsung's largest acquisition to date. Additionally, SSIC has developed platforms like the ARTIK Smart IoT platform and the Samsung DRVLINE autonomous vehicle platform, demonstrating its commitment to advancing technology across various sectors. Through its diverse initiatives, SSIC aims to accelerate innovation and drive new business creation, contributing to Samsung's broader mission of leading in technology and improving lives worldwide.
Investment Focus
- Innovative technology solutions
- Scalable business models
- Strong management teams
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Samsung Strategy and Innovation Center
What sectors does Samsung Strategy and Innovation Center invest in?
Samsung Strategy and Innovation Center invests in Technology, Healthcare, Automotive, Artificial Intelligence, Digital Health and Mobility, and is based in Menlo Park, California, United States. Samsung Strategy and Innovation Center is listed as a corporate vc in the ConnectSafely investor database.
What stage does Samsung Strategy and Innovation Center invest at?
Samsung Strategy and Innovation Center backs companies at Seed, Early Stage, Growth, Late Stage, Pre-IPO and Buyout, writing cheques of 1M - 1B.
Which regions does Samsung Strategy and Innovation Center invest in?
Samsung Strategy and Innovation Center invests across United States, France, South Korea and Israel.
What companies has Samsung Strategy and Innovation Center invested in?
Samsung Strategy and Innovation Center's portfolio includes Harman International Industries, Simband, ARTIK Smart IoT Platform and DRVLINE.
How do I contact Samsung Strategy and Innovation Center?
Samsung Strategy and Innovation Center's contact details — including LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of the team.
Last updated · Source: ConnectSafely investor database