Among the companies getting a cash injection is Stanford University-based Alchemist Accelerator.
Cisco Investments, the corporate venture arm of Cisco Systems, the US-based networking equipment specialist, is increasing its investments in organisations outside its own market by putting a total $150m into two start-ups and an accelerator.
The most pertinent of the three organisations receiving investment is Alchemist Accelerator, based at Stanford University, which received the largest chunk of the total $150m investment. Cisco was already an angel investor, and is now the founding backer a new internet of things fund for…
