Cisco Systems Inc. (CSCO) plans to invest an additional $150 million in startups to speed up the development of new technologies.
Cisco Investments, the company’s venture-capital arm, will use the funds to spur advances in projects such as data storage and innovation in India and the Internet of Things, which refers to devices such as Web-connected power meters, home appliances and traffic lights, Cisco said in a statement today.
To read the original article: Cisco Adding $150M to $2B Venture Investment Arm - Bloomberg
