& cplSiteName &

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
    Educational Resources
    sponsor supplied content
    Educational Resources Archive
    From The Founder
    Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators.
    Flash Poll
    Live Streaming Video
    Charting the CSP's Future
    Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
    LRTV Huawei Video Resource Center
    Huawei at CeBIT 2017: Day 3

    3|22|17   |     |   (0) comments


    Light Reading reports from CeBIT 2017 in Germany, where Huawei is exhibiting on the application of technologies and key business verticals such as transportation, smart city, manufacturing, media and finance.
    LRTV Documentaries
    No Regrets: Cox's Finkelstein on Fiber & More

    3|22|17   |     |   (0) comments


    At the Cable Next-Gen Technologies & Strategies event in Denver, Cox's Jeff Finkelstein examines the cable capex conundrum.
    LRTV Documentaries
    Cable Next-Gen: The 'Mile High' View From Denver

    3|22|17   |   11:56   |   (0) comments


    Alan Breznick kicks off the Cable Next-Gen Technologies & Strategies event in Denver, casting his thousand-yard stare over cable's current competitive landscape.
    LRTV Huawei Video Resource Center
    Huawei at CeBIT 2017: Day 2

    3|21|17   |   2:27   |   (0) comments


    Light Reading reports from CeBIT 2017 in Germany, where Huawei is exhibiting digital transformation solutions around IoT, smart data centers, OpenCloud ecosystem and its newly announced storage-as-a-service solution.
    LRTV Custom TV
    Driving Better Mobile Customer Experience While Transforming the Mobile Network

    3|21|17   |   7:47   |   (0) comments


    The Citrix NetScaler mobile gateway is an intelligent traffic management solution which can markedly improve the customer experience provided by mobile operators, even when traffic is encrypted. Critical network services can be consolidated and virtualized using NetScaler. Because of the unique architecture, NetScaler can be deployed on any hypervisor, on a ...
    LRTV Custom TV
    Mastercard: What's Next for Mobile Payments?

    3|21|17   |   7:49   |   (0) comments


    2017 marks the fifth consecutive year for Mastercard at Mobile World Congress and it was a great time to reflect on the amazing advances the payments industry has made as well as discuss "What's Next' in the digital commerce future. We spoke to James Anderson, executive vice president of digital payments at MasterCard, about digital wallets to tokenization to ...
    LRTV Custom TV
    Mastercard: 2 Billion Adults 'Trapped' in Cash Economy

    3|21|17   |   03:51   |   (1) comment


    Despite advances made in the last several years, two billion adults around the world are trapped in a cash economy and lack what we take for granted -- a safe way to receive, save and use money. Shamina Singh, executive vice president of sustainability and president of the Mastercard Center for Inclusive Growth, chats about how Mastercard is developing new ways to ...
    LRTV Custom TV
    Mastercard: Payment From Every Device

    3|21|17   |   5:55   |   (0) comments


    A world where everything and everyone is connected creates new points of interaction for commerce. These digital experiences cannot be developed in isolation and instead require an ecosystem to drive mass consumer and enterprise adoption and create better consumer engagement. Predicting when that growth will happen is difficult, but always keeping the end user in ...
    LRTV Interviews
    InterDigital's Role in the 5G, IoT Era

    3|21|17   |   05:47   |   (0) comments


    Alan Carlton, managing director and VP for Europe at InterDigital, talks about the company's role in 5G projects in Europe and the prospects for the company in the IoT market.
    LRTV Interviews
    Lessons Learned From Digital Transformation

    3|21|17   |   05:51   |   (0) comments


    Ravi Palepu, global head of Telco Solutions at Virtusa, talks about some key takeaways from telco digital transformation experiences during the past couple of years.
    Women in Comms Introduction Videos
    NetNumber's CMO Shares Her Diversity Do's

    3|21|17   |   3:19   |   (2) comments


    The telecom industry is transforming the world, and diversity plays a critical role in driving the innovation behind it. NetNumber CMO Kim Gibbons shares why diversity and being authentic is a do amidst all the don'ts women in comms often hear.
    LRTV Custom TV
    Software-Driven Architecture for 5G & IOT

    3|20|17   |   1:56   |   (0) comments


    We present Heavy Reading's Jim Hodges's report from Mobile World Congress -- where operators and vendors are working to bring a variety of technologies together to make virtualization a reality in the era of 5G and IoT.
    Upcoming Live Events
    May 15-17, 2017, Austin Convention Center, Austin, TX
    May 15, 2017, Austin Convention Center - Austin, TX
    June 6, 2017, The Joule Hotel, Dallas, TX
    All Upcoming Live Events
    Infographics
    With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
    Hot Topics
    High-Band 5G: Let's Address the Range Question, Shall We?
    Dan Jones, Mobile Editor, 3/21/2017
    Eurobites: Italy First Pasta the Post for 5G
    Paul Rainford, Assistant Editor, Europe, 3/17/2017
    Eurobites: A1, Nokia Turn It Up to 11
    Paul Rainford, Assistant Editor, Europe, 3/22/2017
    5G Faces a Marathon, Not a Sprint
    Iain Morris, News Editor, 3/17/2017
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    TEOCO Founder and CEO Atul Jain talks to Light Reading Founder and CEO Steve Saunders about the challenges around cost control and service monetization in the mobile and IoT sectors.
    At MWC 2017, Qualcomm's CTO Matt Grob talks to Light Reading's CEO and Founder Steve Saunders about the progress being made in the development of the technologies and standards that will underpin 5G.
    Animals with Phones
    Neither Do We Click Here
    Is that a prerequisite?
    Live Digital Audio

    Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.