Cisco Launches $1B Global AI Investment Fund
Cisco News, Tuesday, June 4th, 2024
Cisco is launching a $1B global investment fund to expand and develop secure, reliable and trustworthy AI solutions
Cisco Investments, the global corporate venture investment arm of Cisco (NASDAQ: CSCO), today launched a $1B AI investment fund to bolster the startup ecosystem and expand the development of secure and reliable AI solutions. As part of the new AI fund, Cisco is making strategic investments in Cohere, Mistral AI and Scale AI among others to advance customers' AI readiness and complement Cisco's AI innovation strategy. Cisco has already committed nearly $200M of the $1B investment fund to date.