Light Reading

Cisco Investments Gets $150M Boost

Light Reading
News Wire Feed
Light Reading
5/2/2014
50%
50%

SAN JOSE, Calif. -- Cisco Investments, the corporate venture capital arm of Cisco, today announced it is allocating an additional $150 million 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 $2 billion 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.

Cisco Investments also today announced it has made three minority investments in IoT accelerators and startups Alchemist Accelerator, Ayla Networks and EVRYTHNG. The new funding increases Cisco Investments' thematic investing to $250 million total, adding to the previously announced $100 million commitment to startups focused on the emerging Internet of Everything (IoE) market opportunity.

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 Investments' nearly 20-year history of strategic investing aligns with Cisco's existing business, including cloud, data center, mobility, collaboration, security, routing and switching. The launch of our thematic investing approach extends this perspective to support companies who have innovative ideas that will shape the overall global networking ecosystem in the future.

"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."

"We are thrilled to be partnering with Cisco on an Internet-of-Things-focused Accelerator. The resources, mentorship, and connections across Cisco and Alchemist offer a synergistic foundation for IoT founders looking for deep industry partnerships and expertise, with a network designed to champion founder interests," said Ravi Belani, managing director, Alchemist Accelerator.

"Cisco Investments was quickly able to grasp the huge potential for Ayla's Agile IoT platform technology and business model," said Dave Friedman, co-founder and CEO, Ayla Networks. "The Internet of Things represents one of the largest opportunities in technology, and Ayla is fortunate to be able to access the resources, expertise, and relationships that Cisco Investments can bring."

"We're delighted to be working with Cisco on the Internet of Everything," said Niall Murphy, CEO, EVRYTHNG. "This round of funding allows us to further EVRYTHNG's mission to help businesses connect every product to the Web with its own intelligent online identity." More on Cisco Investments

  • Cisco Investments combines the benefits of a strategic corporate investor with that of traditional venture investing and uses a wide range of investment vehicles to foster innovation in the startup community. Investment types range from small grants to seed-stage companies and winners of business-plan competitions, to larger equity investments in later stage and even pre-IPO companies.
  • Cisco Investments is an active investor with more than 40 investment professionals with deep market and technology expertise located in major geographies, including the United States, China, India, Israel, and Europe.
  • Currently, Cisco has an active portfolio with a fair market value of US$2 billion with more than 80 direct investments around the world, as well as limited-partner positions (as an investor in a fund run by a venture capital firm) in more than 35 funds globally.
  • Other theme investment examples include: Whiptail (advanced storage theme, since acquired by Cisco); Bit Stew Systems (IoT theme); Loggly and Platfora (big data theme); EnVerv (silicon theme); and Belly,MobStac and Phunware (connected mobility theme).

    Cisco Systems Inc. (Nasdaq: CSCO)

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Flash Poll
    From The Founder
    Then pick up your axe, put on your spandex trousers and get yourself down to Light Reading's Big Telecom Event (BTE). Kerrang!!!
    LRTV Custom TV
    Meeting the Demands of Bandwidth & Service Group Growth

    5|1|15   |   5:35   |   (0) comments


    Jorge Salinger, Comcast's Vice President of Access Architecture, explains how DOCSIS 3.1 and multi-service CCAP can meet the demands of the bandwidth and service group growth.
    LRTV Custom TV
    DOCSIS 3.1: Transforming Cable From Hardware-Defined Network to Software-Defined Network

    4|29|15   |   03:48   |   (0) comments


    John Chapman, Cisco's CTO of Cable Access Business Unit and Cisco Fellow, explains how DOCSIS 3.1 can transform cable HFC network to a more agile software-defined network.
    LRTV Huawei Video Resource Center
    Predicting Traffic Patterns for Quality Mobile Broadband

    4|29|15   |   6:45   |   (0) comments


    Accessing information ubiquitously creates complexity and creates heavy traffic onto the network, especially at large-scale events like sporting events or festivals. In this video, Huawei's Mohammad Hussain speaks to experts about how to predict traffic and improve user experience during periods of heavy traffic.
    Between the CEOs
    Ciena CEO: The Web-Scale Revolution

    4|28|15   |   10:32   |   (3) comments


    Light Reading CEO and founder Steve Saunders goes head-to-head with long-time Ciena CEO Gary Smith to discuss the impact of the web-scale players, the New IP and 'white box' networks.
    LRTV Documentaries
    Cox Eyes Cloud-Based Home Networks

    4|27|15   |   05:30   |   (0) comments


    Cox's Jeff Finkelstein explains how moving services to the cloud will let cable deliver services faster and eliminate constant hardware replacements.
    LRTV Documentaries
    CableLabs' Clarke Updates Cable Virtualization

    4|23|15   |   05:41   |   (1) comment


    Former BT exec now leading CableLabs' NFV and SDN efforts explains key role of open source and updates efforts to virtualize the home network.
    LRTV Interviews
    Ericsson's CTO Talks Transformation: Pt. II

    4|23|15   |   08:19   |   (1) comment


    In the second installment of an in-depth two-part interview, Ericsson's CTO Ulf Ewaldsson talks to Light Reading CEO and founder Steve Saunders about cultural change, network slicing and technology advances.
    LRTV Interviews
    Ericsson's CTO Talks Transformation: Pt. I

    4|23|15   |   09:27   |   (3) comments


    In the first installment of an in-depth two-part interview, Ericsson's CTO Ulf Ewaldsson talks to Light Reading CEO and founder Steve Saunders about the incredible transformation underway in the communications networking industry.
    LRTV Documentaries
    LTE Paves the Way for the 5G Revolution

    4|20|15   |   4:20   |   (0) comments


    Håkan Andersson, head of 5G product strategy of the Radio Business Unit at Ericsson, discusses the role of LTE, the US and other industry verticals in building a true 5G ecosystem.
    LRTV Documentaries
    The 3GPP's Road to 5G Standardization

    4|17|15   |   4:43   |   (0) comments


    Satoshi Nagata, chairman of the 3GPP's TSG-RAN group and a manager at NTT Docomo, explains the standardization process for 5G, as well as the biggest challenges and opportunities.
    LRTV Documentaries
    AlcaLu CTO Makes the Case for a New 5G Air Interface

    4|16|15   |   3:54   |   (0) comments


    Michael Peeters, CTO of wireless at Alcatel-Lucent, explains why 5G will require a new air interface to meet its diverse performance targets.
    LRTV Documentaries
    AlcaLu + Nokia: The New Uber-Vendor

    4|15|15   |   2:42   |   (4) comments


    Heavy Reading Senior Analyst Gabriel Brown discusses the technological and competitive opportunities and challenges if a merger between Alcatel-Lucent and Nokia comes to pass.
    Upcoming Live Events
    May 6, 2015, Georgia World Congress, Atlanta, GA
    May 12, 2015, Grand Hyatt, Denver, CO
    May 13-14, 2015, The Westin Peachtree, Atlanta, GA
    June 8, 2015, Chicago, IL
    June 9-10, 2015, Chicago, IL
    June 9, 2015, Chicago, IL
    June 10, 2015, Chicago, IL
    September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
    October 6, 2015, Westin Peachtree Plaza, Atlanta, GA
    November 11-12, 2015, The Westin Peachtree Plaza, Atlanta, GA
    All Upcoming Live Events
    Infographics
    A study run by Insights in Marketing and commissioned by Meredith shows the devices, channels and ways in which women are consuming content.
    Hot Topics
    Eurobites: Nokia Quashes Handsets Rumor
    Paul Rainford, Assistant Editor, Europe, 4/28/2015
    Verizon Builds Key Vendors Into SDN Strategy
    Carol Wilson, Editor-at-large, 4/28/2015
    Why Is Verizon Fighting With Programmers?
    Alan Breznick, Cable/Video Practice Leader, 4/28/2015
    T-Mobile Beats Sprint on Subs, Eyes Verizon on Network
    Sarah Thomas, Editorial Operations Director, 4/28/2015
    Astellia Highlights Customer Care Disconnect
    Ray Le Maistre, Editor-in-chief, 4/29/2015
    Like Us on Facebook
    Twitter Feed
    Webinar Archive
    BETWEEN THE CEOs - Executive Interviews
    Light Reading CEO and founder Steve Saunders goes head-to-head with long-time Ciena CEO Gary Smith to discuss the impact of the web-scale players, the New IP and 'white box' networks.
    Many leading communications companies can claim to have undergone significant periods of reinvention during their histories, but none have been through more major ...
    Cats with Phones