Cisco encourages development ‘internet of things’ with $ 100 million




Cisco has announced that it spends $ 100 million to develop ‘Internet or things’ concepts. The money goes to start-ups working on ‘connected’ devices, as the company announced at the presentation of its quarterly results.

Cisco It is not yet clear which companies are likely to attract funding from Cisco, possibly also the amount used for the acquisition of start-ups. However, Cisco has indicated that it expects the market for the internet of things will grow to an amount of approximately $ 4.6 billion. Significantly in the coming years

Many technology companies to invest in the internet of things, the designation for the development of everyday devices that communicate over the Internet. Recently started tech companies to develop a standard for Internet of things, which participate include Qualcomm, LG, Sharp, Panasonic and Cisco. With the standard should internet of things devices can “talk” to each other.

Cisco made ​​its plans for internet of things known to the presentation of its quarterly results. This showed that the manufacturer of networking achieved. Revenues of $ 11.2 billion The profit amounted to 1.4 billion dollars, converted just over one billion euros. Compared with the same period last year, profit by more than 50 percent.


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