The networking company is set to provide the cash, which will be added to $100m announced in January, over the next three years.
US-based networking equipment manufacturer Cisco is set to invest $150m in startups over the next two-to-three years through its corporate venturing arm, Cisco Investments, it said yesterday.
The investment will be added to the $100m pledged by Cisco Investments in January for the internet of things. Cisco currently has about $2bn of assets under management including direct investments in 80 companies and limited partner positions in more than 35 funds.
The funding is intended to accelerate the development of disruptive…
