Event Information:
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Mon26Oct2015
Cisco adds 5 startups to its Entrepreneurs in Residence incubation program
Cisco announced five startups Monday to join the Cisco Entrepreneurs in Residence incubation program.
The incubator supports early-stage companies exploring sectors that include the Internet of Everything, Big Data/analytics, smart cities, enterprise mobility, security and other strategic areas for Cisco. The incoming startups will collaborate with Cisco executive advisors during the six-month program to identify potential joint go-to-market technologies and solutions that will benefit industry customers and partners.
"With 17 startups incubated to date and 10 more joining us this year in Silicon Valley and Europe, Cisco Entrepreneurs in Residence has a growing list of success stories,” Tom Yoritaka, managing director of Cisco Entrepreneurs in Residence, said in a press release. “Startups in our program are actively engaging with Cisco to accelerate our digitization strategies and working with us to create differentiated solutions that will provide new value for our partners and customers."
Cisco announced Monday that it agreed to acquire ParStream, a startup formerly involved in the program.
The San Jose-based Cisco says that the program aligns with its overall innovation strategy, that the next billion-dollar idea can come from anywhere. Here are the entrepreneurs Cisco thinks may have the next amazing business concept
●C3DNA is a Santa Clara-based startup co-founded in 2013 by Rao Mikkilineni and Paul Camacho. The company delivers self-reliance and portability of any application on any cloud infrastructure at the app layer. The company has raised $2 million in seed funding. ( http://c3dna.com)
●LISNR is a Cincinnati, Ohio-based startup founded in 2012 that uses SmartTones, an inaudible technology that has the ability to connect mobile applications and devices. The company has raised $4.65 million from Progress Ventures, Mercury Fund, Jump Capital and CincyTech. ( http://lisnr.com). LISNR was co-founded by Rodney Williams, Chris Ostoich, Chris Ridenour, Nikki Pfahler and Josh Glick.
●Simularity is a Richmond, Calif.-based startup that applies real-time artificial intelligence to the Internet of Things, enabling incident prediction, preventative maintenance and anomaly detection. Co-founded by Liz Derr and Ray Richardson in 2011, the company has raised $150,000 in seed funding. ( http://www.simularity.com)
