“Finding the right global partner was a key step in our search for cutting-edge technologies that will enhance the experience of our customers,” said Jonney Shih, Chairman of ASUS. “Fenox Venture Capital is one of the best partners to assist ASUS in our global outreach due to their innate understanding of the Asian business culture and unmatched access to North America, Europe and the broader Asian market.”

“Fenox VC is a bridge between top global startups and top global corporations. We create win-win partnerships between technology startups and global enterprises,” said Anis Uzzaman, General Partner and CEO of Fenox Venture Capital. “This fund will enable us to invest in startups that will benefit from collaboration with ASUS.”

The new $50 million fund will focus on startups in the areas of AI, IoT, Big Data, Cloud, AR/VR and other related technologies that require hardware-software integration and can benefit from collaboration with ASUS.