Don’t Let What Happens in Vegas Stay in Vegas!
Cisco has been bullish in investing in innovative IoT companies. From self-driving cars to drones, Cisco has invested in over 25 companies in IoT across the globe. In Europe, Cisco Investments has been one of the most active corporate venture capital funds in the past five years. Earlier this year, our portfolio company Relayr agreed to be acquired by Munich Re in a deal valuing the company at $300 million, making it one of the largest IoT acquisitions to date in the region. Relayr’s IoT middleware platform can be used by companies to connect new and legacy hardware and software to extract and analyze data from physical objects, such as machines and equipment. Munich Re is a reinsurer based out of Munich and is one of the world’s largest reinsurers. It provides reinsurance cover for life, health, casualty, transport, aviation, space, fire, and other businesses.