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Hammock's Strategic Move to Combat Cyber Threats

In a groundbreaking initiative, Japanese tech company Hammock has officially announced its entry into the newly established "Japan Cybersecurity Fund No.1 Investment Business Limited Partnership" as a Limited Partner (L.P.). Founded on April 1, 2024, this fund is uniquely tailored for the cybersecurity industry, focusing on collective responses to cyber issues faced across the nation.

About the Japan Cybersecurity Fund

The Japan Cybersecurity Fund was formed with a vision to address the increasing threats of cyberattacks that have become alarmingly prevalent throughout Japan. This innovative fund is comprised entirely of investments from cybersecurity firms aimed at nurturing the industry and fostering growth among its participants. This initiative arises out of the critical need to strengthen defenses against cyber threats, an area where skilled security personnel and resources remain drastically underrepresented.

The fund represents a collaborative effort among leading cybersecurity players, including Well Investment, Kanematsu, KEL, and GSX, among others. These key contributors have recognized the pressing necessity for enhanced security measures and have committed to working together in solving significant societal challenges posed by cyberattacks.

Hammock's Purpose in Participation

Hammock, which specializes in software solutions for businesses, emphasizes its core mission: "Empowering the future through technology and creating experiences that allow every individual to shine." By joining this fund, Hammock aims to do more than just invest financially. The company intends to contribute actively to the fund's stakeholders by offering management advice, marketing support, and guidance for potential IPOs. This hands-on approach underlines Hammock's commitment to utilizing its expertise in the cybersecurity sector while helping to uplift the entire industry.

Further, Hammock is keen on fostering co-creation opportunities and mutual growth among all participating companies and investment candidates involved in the fund.

Endorsement from the Fund

The Japan Cybersecurity Fund expressed their enthusiasm about Hammock's partnership: "It is incredibly reassuring to have your firm join us as a Limited Partner. As the frequency of cyber incidents continues to rise, the number of proficient security firms and professionals is woefully inadequate. Together with like-minded companies, we will confront these challenges head-on and prioritize the growth of our cybersecurity market." They also expressed hope that the involvement in this fund would lead to Hammock's further success in the industry.

About Hammock

Founded in April 1994, Hammock has built a strong reputation as a provider of high-quality software solutions for businesses. Their innovative flagship products include:

• - AssetView Cloud +: A robust information security measure centered on people. Learn more here
• - Hot Profile: A business card management and sales support tool. Learn more here
• - DX OCR: An AI-OCR service that eliminates the need for form design.

With its headquarters in Shinjuku, Tokyo, Hammock aims to resolve customer challenges through cutting-edge IT solutions, delivering essential functionalities in a speedy manner at competitive prices.

As cyber threats continue to evolve, initiatives like the Japan Cybersecurity Fund present a promising path forward for the nation's security landscape. Hammock's active participation is a testament to its commitment to protecting businesses and fostering an environment of growth and collaboration within the cyber arena.