The venture capital division of Cisco, Cisco Investments, allocates $150 million to Internet of Things (IoT) industry. Investments from Cisco use this money to fund new ventures and related companies growing industry is giving money directly to them or to work through startup accelerators.Not all the money gets to the IoT, although one of the main topics in the thematic funding of Cisco.
In total, investments Cisco has invested $ 250 million in emerging companies in areas such as the Internet of Things.In January, the company has set aside $ 100 million financing of internet startups objects. Last month, Cisco, IBM, GE and AT & T launched a consortium of Internet objects, an open-membership to break technological barriers silo and bring better access to high data with better integration between digital worlds and physical.
Already major technology companies are releasing appliances and other electronic devices that communicate with each other and the Internet . Traditional businesses that have yet to release their own IO devices are at least putting money into the industry somehow. This includes the acquisition of several million dollars , like buying Google Nido , a manufacturer of thermostats connected .
Rob Lloyd, president of sales and business development at Cisco, said the point of view of the Internet of Things company in March at the Conference of Editors of Cisco . Lloyd said that 99 percent of electronics are still not connected to the internet and change this funding should focus on consumer-oriented companies .During the same conference, the development director Pankaj Patel Cisco praised the progress of the company in the industry. Patel said that Cisco had already spent billions on research in 2012, and much of this money was spent on IO .
Our investments in Alchemist Accelerator, Ayla Networks and align all our focus on innovation at an early stage and companies focused on the Internet of things said Hilton Romanski,senior vice president of business development for Cisco.
In total, investments Cisco has invested $ 250 million in emerging companies in areas such as the Internet of Things.In January, the company has set aside $ 100 million financing of internet startups objects. Last month, Cisco, IBM, GE and AT & T launched a consortium of Internet objects, an open-membership to break technological barriers silo and bring better access to high data with better integration between digital worlds and physical.
Following Projections
Cisco 's decision to increase its risk capital funds for the IO seems prudent , especially given the recent projection of the company that the industry would be worth $ 14.4 billion in 2022. Many devices currently on the market consumer electronics are able to work on things Internet , which means that the industry will become profitable in the future.
Already major technology companies are releasing appliances and other electronic devices that communicate with each other and the Internet . Traditional businesses that have yet to release their own IO devices are at least putting money into the industry somehow. This includes the acquisition of several million dollars , like buying Google Nido , a manufacturer of thermostats connected .
Rob Lloyd, president of sales and business development at Cisco, said the point of view of the Internet of Things company in March at the Conference of Editors of Cisco . Lloyd said that 99 percent of electronics are still not connected to the internet and change this funding should focus on consumer-oriented companies .During the same conference, the development director Pankaj Patel Cisco praised the progress of the company in the industry. Patel said that Cisco had already spent billions on research in 2012, and much of this money was spent on IO .
Staying Ahead
For a company like Cisco that relies on selling connectivity devices keeping innovation in the industry are crucial IO.Since it is easier to invest in the industry and stay of non-intervention,Cisco has provided funding to three Internet startups accelerators and objects. Alchemist Accelerator Ayla Networks, and while all entries received Cisco minority.
Our investments in Alchemist Accelerator, Ayla Networks and align all our focus on innovation at an early stage and companies focused on the Internet of things said Hilton Romanski,senior vice president of business development for Cisco.
The main priority of Cisco small business affects the IO is to provide them with additional resources and contacts in the new approach to investment industry.A Cisco is accelerating the development of its portfolio companies by linking them to experience and resources Cisco IT and the business network eaders Cisco Cisco Partner and customers through major industry events such as the annual Cisco Live, Cisco says .
