The networking company will invest the money in early-stage businesses as part of the $250m of investment pledged by Cisco Investments earlier this year.
Cisco Investments, a corporate venturing unit owned by networking technology company Cisco, is set to allocate $40m to early-stage companies in India, it said on Monday.
The funding will be directed towards products and technologies that are relevant to India and other emerging markets, including big data analytics, internet of things, connected mobility, storage, silicon and the content technology ecosystem.
Cisco’s first investment under the India Innovation banner was made in factory data analytics provider Covacsis Technologies at the…
