Samsung Strategy and Innovation Center
Internet of Things
Samsung Strategy and Innovation Center (SSIC) is a division of Samsung Electronics. It works with entrepreneurs and corporate partners to invest in disruptive technologies, such as artificial intelligence, digital health, mobility, Internet of Things and other consumer-facing applications of data-driven technology.
SSIC was founded in 2012 and is headquartered in Menlo Park, California with 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.
In February 2013, Samsung announced it was establishing the Samsung Strategy and Innovation Center to create a "global engine to accelerate innovation and to drive new business creation." As part of that effort, Samsung also launched the Samsung Catalyst Fund, a multi-stage venture capital fund that operates with SSIC to expand Samsung's mobile, device solutions and consumer electronics groups. Young Sohn, Samsung's president and chief strategy officer, was appointed to lead SSIC at the time of its founding.
In 2014, SSIC launched the Smart Health Initiative and announced a health technology platform, Simband. It is a wearable digital health device with a custom sensor module that developers use to design digital health algorithms, analyze health data in real-time and connect to a data exchange platform. In 2015, SSIC announced the Samsung ARTIK platform for IoT applications, and the Samsung ARTIK Challenge, which invited contestants to develop technology to reduce global water consumption. In 2016, SSIC partnered with Nestlé's Institute of Health Sciences on IoT and nutrition science to develop applications for personalized fitness and nutrition data.
In 2017, SSIC helped secure the $8 billion acquisition of Harman International Industries. Young Sohn was appointed Chairman of the Harman board of directors upon the acquisition's completion. That same year, SSIC established the $300 million Samsung Automotive Innovation Fund to invest in the automotive sector. In 2018, SSIC introduced Samsung DRVLINE, an open, modular and scalable autonomous vehicle platform.
- Burns, Janet (2017-02-06). "Wearable AI Detects Tone Of Conversation To Make It Navigable (And Nicer) For All". Forbes. Retrieved 2019-02-05.
- Su-hyun, Song (2017-10-29). "Samsung hosts insider expo for growth with 'disruptive technologies'". The Korea Herald. Retrieved 2019-02-05.
- Tibken, Shara (2014-11-10). "Samsung's next big thing: Gaining street cred in Silicon Valley". Cnet. Retrieved 2019-02-05.
- "Samsung showcases the future of connected living at CES". TradeArabia. 2019-01-08. Retrieved 2019-02-05.
- Tilley, Aaron (2016-06-21). "Samsung Will Invest $1.2 Billion Into US For 'Internet Of Things'". Forbes. Retrieved 2019-02-05.
- Dickey, Megan Rose (2013-07-10). "Samsung Is Building A $300 Million HQ Just 20 Minutes Away From Apple". Business Insider. Retrieved 2019-02-05.
- Lilien, Niv (2015-03-05). "Inside Samsung's innovation center: The Israel hub hothousing the next big thing in tech". Zdnet. Retrieved 2019-02-05.
- Silbert, Sarah (2013-02-04). "Samsung to put $1.1 billion toward new innovation center, business creation". Engadget. Retrieved 2019-02-06.
- Wolverton, Troy (2013-02-04). "Samsung sets up new $100 million venture fund in Silicon Valley". The Mercury News. Retrieved 2019-02-06.
- Su, Jean Baptiste (2017-10-11). "Samsung Details Investment Strategy At Third Annual CEO Summit In San Francisco". Forbes. Retrieved 2019-02-06.
- Lawler, Ryan (2013-02-04). "Samsung Launches Strategy And Innovation Center, Will Invest $1.1 Billion On Innovation Through Two Funds". TechCrunch. Retrieved 2019-02-06.
- Truong, Alice (2014-05-28). "Samsung Introduces A Wearable Health Tracker That Geeks and Insurance Companies Will Love". Fast Company. Retrieved 2019-02-06.
- McAllister, Neil (2015-05-13). "Samsung debuts Artik, its new software n' chips for the Internet of Stuff". The Register. Retrieved 2019-02-06.
- Kraft, Caleb (2016-08-15). "Samsung's Challenge Tackles Drought with IoT". Make:. Retrieved 2019-02-06.
- Keenan, Joseph (2016-07-29). "Samsung and Nestlé team to develop digital platform for better health". FierceBiotech. Retrieved 2019-02-06.
- Mu-Hyun, Cho (2017-03-11). "Samsung completes $8 billion Harman acquisition". Zdnet. Retrieved 2019-02-05.
- Sawers, Paul (2017-09-14). "Samsung creates $300 million fund and new business unit for autonomous driving tech". Venture Beat. Retrieved 2019-02-05.
- Lunden, Ingrid (2017-09-14). "Samsung launches $300M autonomous driving fund, puts $90M into TTTech". TechCrunch. Retrieved 2019-02-05.
- Krishna, Swapna (2018-01-08). "Samsung introduces autonomous driving platform called DRVLINE". Engadget. Retrieved 2019-02-05.