Trend announced the launch of a $100 million venture capital investment fund in June 2017 focused on the next generation of technology including the Internet of Things (IoT). In September 2017, Trend Micro was awarded reimbursement through the U.S. District Court for a portion of the legal fees incurred over rejected patent claims filed by Intellectual Ventures. The company subsequently launched Trend Forward Capital. The venture's initial investments included business-to-business payment company Veem, wearable device company Muse, telemetry company Mojio and brain health technology company Interaxon.