Julius Akinyemi is the initiator of Unleashing the Wealth of Nations project and the Resident Entrepreneur at MIT Media Lab in Cambridge, Massachusetts. Akinyemi, a native of Nigeria, is exploring the commercialization of technology...
Colin Neagle: Why Cisco, Intel, and Qualcomm are funding IoT startups
Source: „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.”