Cisco to invest $100m in early stage companies targeting internet of things


US multinational Cisco has committed $100m to invest in early stage companies in the internet of everything.

In its second quarter earnings announcement, CEO John Chambers said that the internet of everything could generate $4.6tn in value for public sector organisations over the next decade.

Cisco designs, manufactures, and sells networking equipment. The company also announced a blueprint for creating a sustainable smart and connected city to help fulfill Dubai’s smart city ambitions.

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