Menu
Cisco earmarks $US150m for start-up investments

Cisco earmarks $US150m for start-up investments

That's on top of Cisco Investments' $US2bn portfolio

Cisco's venture capital arm this week said it is allocating an additional $150 million over two to three years to fund start-ups around the world.

Cisco Investments' new funding allocation extends its current $US2 billion portfolio and is focused on disruptive technology markets or "themes," including big data and analytics, Internet of Things (IoT), "connected" mobility, storage, silicon, content technology and India.

+ MORE ON NETWORK WORLD: Cisco a mystery investor in storage company? +

Cisco Investments has made three minority investments in IoT companies (Alchemist Accelerator, Ayla Networks and EVRYTHNG). The new funding increases Cisco Investments' thematic investing to $250 million, adding to the previously announced $100 million to start-ups focused on the emerging Internet of Everything market.

Cisco Investments will allow portfolio companies to access resources such as Cisco IT, company business leaders, and Cisco's partners and customers through major industry events, such as the annual Cisco Live conference.

Other theme investments of Cisco's include Whiptail, a solid state flash storage company eventually acquired by Cisco;  Bit Stew Systems in IoT; Loggly and Platfora in big data; EnVerv, in silicon; and Belly, MobStac and Phunware, in connected mobility.

Jim Duffy has been covering technology for over 28 years, 23 at Network World. He also writes The Cisco Connection blog and can be reached on Twitter @Jim_Duffy.

Read more about lan and wan in Network World's LAN & WAN section.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Cisco SystemsNetworkingLAN & WAN

Slideshows

Meet the leading HP partners in New Zealand...

Meet the leading HP partners in New Zealand...

HP has recognised its top performing partners in New Zealand at the second annual 2016 HP Partner Awards, held at a glittering bash in Auckland. The HP Partner Awards recognises and celebrates excellence, growth, consistency and engagement of its top partners. This year also saw the addition of several new categories, resulting in 11 companies winning across 11 award categories.

Meet the leading HP partners in New Zealand...
Channel comes together as Ingram Micro Showcase hits Auckland

Channel comes together as Ingram Micro Showcase hits Auckland

Ingram Micro outlined its core focuses for 2017 at Showcase in Auckland, bringing together the channel for a day of engaging keynotes, compelling breakout sessions and new technologies.

Channel comes together as Ingram Micro Showcase hits Auckland
Show Comments