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Cisco Investments boosts ‘internet of everything’ capital to $250m

1 May 2014

dollar4_sqCisco Systems’ venture investment arm has earmarked an extra $150m for early-stage investing targeting the next generation of themes to disrupt technology markets.

The firm said the new capital would chase deals in big data and analytics, the internet of things, connected mobility, storage and content technology, as well as innovation on the Indian sub-continent.

Cisco Investments already had $100m set aside for investments in what it calls the “internet of everything”.

The firm said it had already made three minority investments in internet of things accelerators and startups Alchemist Accelerator, Ayla Networks and EVRYTHNG.

Cisco corporate development senior vice president Hilton Romanski said, “Our ability to identify and stay ahead of market disruptions is deeply rooted in our build, buy, partner and integrate approach to innovation.

“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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