Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
GET RECOGNIZED.
Let an ISACA® certification
elevate your career.

Register today and save
Big Data
DDoS Protection Powered By Verisign
Average Rating:
Rate this article:  
Cisco Invests $150M in Internet of Things

Cisco Invests $150M in Internet of Things
By Seth Fitzgerald

Share
Share on Facebook Share on Twitter Share on Linkedin Share on Google Plus

For a company like Cisco that relies on the sale of connectivity devices, keeping up with innovations in the Internet of Things industry is crucial. Cisco's decision to increase its venture capital funding for IoT seems wise, especially considering the company's recent projection that the Internet of Things industry would be worth $14.4 trillion by 2022.
 


The venture capital division of Cisco, Cisco Investments, is allocating $150 million to the Internet of Things (IoT) industry. Cisco Investments will use that money to fund startups and other companies involved in the growing industry by either giving money to them directly or working through startup accelerators.

Not all of the money is being put toward IoT, though that is one of the major themes included in Cisco's "thematic" funding. In total, Cisco Investments has now invested $250 million in emerging companies in fields like the Internet of Things.

In January, the firm allocated $100 million to fund IoT startups. Last month, Cisco, IBM, GE and AT&T launched an Internet of Things consortium, an open membership group aiming to break down technology silo barriers and drive better big data access with improved integration between the digital and physical worlds.

Following Projections

Cisco's decision to increase its venture capital funding for IoT seems wise, especially considering the company's recent projection that the industry would be worth $14.4 trillion by 2022. Many of the devices currently being released onto the consumer electronics market are capable of working in the Internet of Things, meaning that the industry will become very profitable in the future.

Already, major technology companies are releasing home appliances and other electronics that "speak" to each other and the Internet. Mainstream companies that have yet to release their own IoT devices are at least putting money into the industry in some way. This includes multi-million dollar acquisitions, such as Google's purchase of Nest, a maker of connected thermostats.

Rob Lloyd, president of sales and development at Cisco, explained the company's view of the Internet of Things in March during the Cisco Editors Conference. Lloyd said that 99 percent of electronics still aren't connected to the Internet and to change that, funding must be focused on consumer-facing companies.

During the same conference, Cisco's chief development officer Pankaj Patel touted the company's advances in the industry. Patel said that Cisco had already spent billions on research in 2012, and a large portion of that money had been dedicated to the IoT.

Staying Ahead

For a company like Cisco that relies on the sale of connectivity devices, keeping up with innovations in the IoT industry is crucial. Since it is easier to invest in the industry and remain hands-off, Cisco has supplied funding to three IoT accelerators and startups. Alchemist Accelerator, Ayla Networks, and Evrythng have all received minority investments from Cisco.

"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," said Hilton Romanski, Cisco's senior VP of Corporate Development.

Cisco's main priority in reaching out to smaller IoT companies is to provide them with additional resources and contacts in the industry. "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," according to Cisco.
 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Big Data
1.   Experian Debuts Anti-Fraud Platform
2.   Why Is Splunk 'Stream' App Different?
3.   Support for Facebook in NYC Dispute
4.   U.S. Technology Flagged Ebola Early
5.   CenturyLink Expands High-Speed 'Net


advertisement
Why Is Splunk 'Stream' App Different?
Users get real-time wire data access.
Average Rating:
CenturyLink Expands High-Speed 'Net
Aiming to meet needs of business.
Average Rating:
Facebook Faces Privacy Action in EU
Any user can join except in US, Canada.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Chinese Hackers Nab Info on Millions of U.S. Patients
A group of Chinese hackers has stolen the personal information, including names and Social Security numbers, of about 4.5 million patients at hospitals operated by Community Health Systems.
 
Premier FBI Cybersquad in U.S. To Add Agents
After helping prosecutors charge Chinese army officials with stealing trade secrets from major companies and by snaring a Russian-led hacking ring, the premier FBI cyber-squad is getting a boost.
 
Apple Opens iCloud Data Center in China
Treading lightly, Apple acknowledged it has started to store encrypted iCloud personal data of some Chinese users on servers in mainland China, operated by the state-owned China Telecom.
 

Enterprise Hardware Spotlight
Compression, Deduplication Come to Violin Concerto 2200
Violin Memory has announced that data deduplication and compression capabilities are now available on its Concerto 2200 solution. Typically, users will experience deduplication rates between 6:1 and 10:1.
 
Cisco Axes 6,000 Employees in Restructuring Plan
Faced with declining profits, Cisco is laying off up to 6,000 employees in the months ahead -- a whopping 8 percent of its global workforce. That's in addition to the 4,000 jobs Cisco cut last year.
 
Web Slows, Have Internet Routers Reached The Limit?
If you encountered problems connecting to the Internet on August 12, you weren't alone. Networking experts blame the wide-scale slowdown on outdated routing systems that are reaching their limits.
 

Mobile Technology Spotlight
HTC Debuts Windows Phone Version of One M8 Smartphone
HTC is bringing the Windows Phone mobile OS to its flagship One M8 device -- the first time any mainstream flagship smartphone has been offered with a choice of operating systems.
 
Verizon Earns Top Rating in Mobile Network Comparison
A new report says Verizon Wireless was the top-performing U.S. cellphone service provider in the first half of 2014, on a nationwide and state-by-state basis, as well as in metro areas.
 
Sprint Comes Out with Data Guns Blazing
As its new CEO promised, Sprint has rolled out a new aggressively competitive price plan. The shared data plans promise twice the high-speed data and at lower prices than AT&T and Verizon Wireless.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.