Why Cisco, Intel, and Qualcomm are Funding IoT Startups


Become An Insider

Sign up now and get free access to hundreds of Insider articles, guides, reviews, interviews, blogs, and other premium content from the best tech brands on the Internet: CIO, CSO, Computerworld, InfoWorld, IT World and Network World Learn more.

The potential upside makes investing in startups worth the risk for the biggest tech vendors.

Internet of Things startups have had little trouble finding seed money lately, with overall venture capital surpassing the $1 billion mark in 2013 alone, according to CB Insights.

Much of the funding comes from the venture branches of established tech companies, such as Cisco Investments, Qualcomm Ventures, and Intel Capital. These three in particular have contributed a significant amount of funding for IoT startups in the past three years, according to CB Insights. The following graph shows how the reach of these three firms has grown throughout the Internet of Things startup world from December 2010 to May 2014.

Internet of Things CB Insights

You're viewing Insider content

You Might Like
Join the discussion
Be the first to comment on this article. Our Commenting Policies