Cisco invests in Ayla and Evrythng as part of $150M internet of things fund

Gigaom

Cisco’s investment arm is committing $150 million to back early-stage companies in the internet of things sector, and has begun with investments in two startups and one accelerator. Cisco has participated in funding rounds of London’s Evrythng, Sunnyvale, Calif.-based Ayla Networks and the Bay Area’s Alchemist Accelerator.

The new funding adds to Cisco Investments’ previously announced $100 million commitment to startups focused on the internet of things. Cisco Investments currently has stakes in more than 80 companies and 35 funds as part of a $2 billion portfolio. It has more than 40 people responsible for making investments in companies of all sizes. Other investments include, Whiptail, Belly, Phunware and Platfora.

So what about the startups Cisco is backing? I’ve covered Ayla before when it launched as a hardware and software platform for big companies to get their products online. Dave Friedman, co-founder and CEO (pictured, left), Ayla Networks explains…

View original post 466 more words

Advertisements