Thursday, May 1, 2014

Cisco Allocates $150 Million for Early Stage Start-Ups

Cisco Investments, the corporate venture capital arm of Cisco, has allocated an additional $150 million over the next two to three years to fund early-stage companies in the following areas: big data and analytics; the Internet of Things (IoT); connected mobility; storage; silicon; the content technology ecosystem; and India innovation.

As part of this program, Cisco announced three minority investments in IoT accelerators and startups Alchemist Accelerator, Ayla Networks and EVRYTHNG.

"Our ability to identify and stay ahead of market disruptions is deeply rooted in our build, buy, partner and integrate approach to innovation," said Hilton Romanski, senior vice president, Cisco Corporate Development. "We gain valuable insight and an understanding of market trends through equity investments in young and interesting companies who are leading the way through new market disruptions. Our investments in Alchemist Accelerator, Ayla Networks and EVRYTHNG align with our focus on early-stage innovation and companies focused on the Internet of Things."

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