Cisco announces launch of $1 billion smart cities fund
Cisco is putting its money where its mouth is in terms of making cities smarter – by contributing $1 billion to a new program.
The City Infrastructure Financing Acceleration Program was announced at the Smart City Expo World Congress in Barcelona, with Cisco working alongside Digital Alpha Advisors, a private equity firm, and pension fund investors APG Asset Management and Whitehelm Capital.
Alongside this, the company has added new functionality to its Cisco Kinetic for Cities digital platform. New...