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#News(IoTStack) [ via IoTForIndiaGroup ]
Rajan Raghavan and Prabakar Sundarrajan started The Fabric after working at Juniper (via the acquisition of Ankeena), So far, the fund has launched eight companies including VeloCloud, Perspica, Appcito, IoTium, Pensa, Spanugo, KMesh, and Rosetta Cyber Security. (At least three were acquired: VeloCloud, Perspica and Appcito.). They raised a pool Fabric 3, which concentrates on 5G and was funded by Verizon Ventures and March Capital Partners
IoTium closed 13,6 Million finding and is devloping Industry’s First Software-Defined Converged Infrastructure for IIoT
“Digital disruption is happening faster than ever before. ioTium is driving innovation with its easily deployable technology for industrial markets where reliability and security are mission-critical. CEO Ron Victor is shaping the next market transition with their Software-Defined Converged Infrastructure solutions designed for IIoT,” noted John Chambers, founder and CEO of JC2 Ventures. “As mentors of digital innovation, our mission at JC2 Ventures is to help disruptive startups from around the world scale and grow, which is why we’re excited to work with ioTium as the team enters the next stage of global expansion.”
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