Cisco Systems Inc., one of the most prolific corporate acquirers of startups, is starting up a new venture fund that will run independently from the parent company, people familiar with the matter say.
The Silicon Valley company, which historically has invested from its cash reserves, plans to be the anchor limited-partner investor in the new venture fund and invest hundreds of millions of dollars in the next crop of enterprise startups, these people say.
Source: Cisco eyes early-stage startups with new venture fund – MarketWatch
