Monica Alleven: Cisco invests in Internet of Things platform provider Kii

Cisco Investments is making an undisclosed investment in Internet of Things (IoT) platform provider Kii, which will use the funds to create solutions and expand distribution, including with carriers. Separately, Arrayent, which provides its platform to well-known brands like Whirlpool and Maytag, completed a $15 million Series C funding round as ORIX Ventures joined previous investors that include Intel Capital, DCM Ventures, Opus Capital and Comerica Bank.