Cisco Investments, the corporate venture capital arm of Cisco (NASDAQ: CSCO), said it is allocating an additional USD150m over the next two to three years to fund early-stage companies and further foster innovation in the global startup community.
The new funding allocation builds on Cisco Investments´ current USD2bn portfolio and is focused on next horizon “themes” to accelerate the development of disruptive technology markets, including big data and analytics; the Internet of Things (IoT); connected mobility; storage; silicon; the content technology ecosystem; and India innovation.
A new emphasis for Cisco Investments is to accelerate the development of the portfolio companies by connecting them to expertise and resources such as Cisco IT, Cisco´s business leaders and Cisco´s network of partners and customers through major industry events, such as the annual Cisco Live.
Cisco is a leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. Its website is at cisco.com.