Cisco Offers $100M For Internet Of Things Startups

SILLICON VALLEY BUSINESS JOURNAL - Feb 13 - Cisco Systems hopes the Internet of Things will help stop its continuing revenue decline and announced a new $100M fund to invest in startups working on that technology. Cisco projects that it expects its service revenue to grow from 20% of sales to 30% in the future as cars, appliances and devices communicate more and more through the cloud. Internet of Things could generate $4.6 trillion in value for public sector organizations over the next decade, Cisco projects.