Startup Cops Award, Cisco Investment
“We are very pleased to receive such an honor. This is very gratifying to all of us who have worked so hard in taking a revolutionary technology, perfecting it to a point that we can develop solutions for commercial applications and ultimately delivering reliable products to our customers in high volume. This is truly a moment of immense pride for our company.” said Dr. Denny K Miu, Founder and CEO of IMMI.
IMMI also made a second announcement regarding a strategic investment from Cisco Systems. Cisco invested $25 million into IMMI as part of a $45 million equity investment led by Invesco Private Capital and with participation from existing investors including Adams Capital Management, SunAmerica Ventures, Venture TDF and others.