Palo Alto Networks has joined the 5G Open Innovation Lab (5G OI Lab) as the new corporate partner.
The 5G OI Lab has uniquely pioneered an open innovation model that brings together influential startups, global tech platform leaders, industry partners, and investors to connect and collaborate. Its thesis focuses on uncovering enterprise-ready use cases exploiting the transformative potential of 5G and edge computing.
The Lab also announced the 12 multi-stage startups chosen to participate in its fifth batch of the select program, getting underway this week.
The Lab is actively supported by founding, corporate and industry partners Intel, Microsoft, T-Mobile, Dell Technologies, Amdocs, VMware, Accenture, Avanade, F5, Spirent, Ericsson, CNH Industries, Nokia, and Palo Alto Networks.
The partners work directly with participating startups to provide business and technical mentorship and collaborate on potential proof of concept, go to market, and other engagements and opportunities.
59 startups have participated in the Bellevue, WA. -based Lab program since its inception in 2020. Along with technical engagements, the Lab also connects startups with over 100 venture capital investors participating in the ecosystem. The companies have raised over $500 million in invested capital prior to joining the program, and over $274 million since graduating from the program.
Palo Alto Networks are part of the Cloud and Security Summit and will talk more about ransomware in 2022. To be part of the event register here.