# Cisco: portfolio, investments and team

> Cisco is a corporate vc based in United States. 158 investments on record, 1 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/cisco (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Cisco

Last cheque observed Sep 2026; 158 cheques on record.

Email

Deploying now Corporate VC

Pre-seed Seed Series A Banking Software Ag Tech

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Deploying now

**25%** of best year **1** **cheques in 12 months**, 158 on record

Since the last cheque **44** days **00** hrs **00** min **00** sec

Median round **$35M** Cheque size, as they say **$200K – $2.0M** Rounds led **0 of 158** Sole investor **12 rounds** Exits **44 from the portfolio** Mostly in **United States, 82%**

Pitch Cisco

## Cisco highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series C and Series B: 59% of its rounds
- 03 Sole investor in 12 rounds, median $3.7M
- 04 44 exits from the portfolio

## What they do

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** $200K – $2.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Banking Software Ag Tech
- **Based in:** San Jose, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **158 appearances**

- **2026** 1 round
- **Sept** **[Groq](https://millionrounds.com/company/groq)** Growth · US · Firms' own news pages **$750M** With 5 others
- **2025** 3 rounds
- **Oct** **[xAI](https://millionrounds.com/company/xai)** Series E · US · TechStartups **$20B** With 11 others
- **Sept** **[Groq](https://millionrounds.com/company/groq)** Growth · US · TDK Ventures **$750M** With 11 others
- **Jul** **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Series A · US · TechCrunch **$2.0B** With 6 others
- **2024** 1 round
- **Dec** **[Terradot](https://millionrounds.com/company/terradot)** Series A · US · LatamList **$58M** With 11 others
- **2019** 6 rounds
- **Apr** **[PubNub](https://millionrounds.com/company/pubnub)** Series D · US · FinSMEs **$23M** With 6 others
- **Mar** **[Portworx](https://millionrounds.com/company/portworx)** Series C · US · FinSMEs **$27M** With 5 others
- **Mar** **[Whatfix](https://millionrounds.com/company/whatfix)** Series B · IN · YourStory **$13M** With 4 others
- **Mar** **[Lightbits Labs](https://millionrounds.com/company/lightbits-labs)** US · VentureBeat **$50M** With 4 others
- **Feb** **[Gong.io](https://millionrounds.com/company/gong-io)** Series B · US · FinSMEs **$40M** With 4 others
- **Jan** **[Kustomer](https://millionrounds.com/company/kustomer)** Series C · US · FinSMEs **$35M** With 4 others
- **2018** 9 rounds
- **Nov** **[Deskera](https://millionrounds.com/company/deskera)** SG · FinSMEs **$60M** With 4 others
- **Oct** **Ctera Networks** Series D · US · FinSMEs **$30M** With 5 others
- **Aug** **[Exabeam](https://millionrounds.com/company/exabeam)** Series D · US · FinSMEs **$50M** With 4 others
- **Jun** **[Panaseer](https://millionrounds.com/company/panaseer)** Series A · GB · FinSMEs **$10M** With 4 others
- **Apr** **[Nantero](https://millionrounds.com/company/nantero)** US · FinSMEs **$30M** With 4 others
- **Mar** **[Voicera](https://millionrounds.com/company/voicera)** Series A · US · FinSMEs **$20M** With 7 others
- **Mar** **[Upskill](https://millionrounds.com/company/upskill)** US · FinSMEs **$17M** With 4 others
- **Feb** **[SparkCognition](https://millionrounds.com/company/sparkcognition)** Series B · US · FinSMEs **$57M** With 5 others
- **Feb** **[Dynamic Signal](https://millionrounds.com/company/dynamic-signal)** US · FinSMEs **$37M** With 9 others
- **2017** 5 rounds
- **Dec** **[Kespry](https://millionrounds.com/company/kespry)** Series C · US · FinSMEs **$33M** With 6 others
- **Oct** **[Citycloud](https://millionrounds.com/company/citycloud)** CN · China Money Network **$30M** With 1 other
- **Jul** **[Flashpoint](https://millionrounds.com/company/flashpoint)** Series C · US · FinSMEs **$28M** With 5 others
- **May** **[Gainsight](https://millionrounds.com/company/gainsight)** Series E · US · FinSMEs **$52M** With 5 others
- **Mar** **[Everthng](https://millionrounds.com/company/everthng)** Series B · GB · FinSMEs **$25M** With 7 others
- **2015** 2 rounds
- **Jun** **[EVRYTHNG](https://millionrounds.com/company/evrythng)** Series B · US **$7.5M** With 4 others
- **Apr** **[HyTrust](https://millionrounds.com/company/hytrust)** Series D · US **$25M** With 8 others
- **2014** 18 rounds
- **Nov** **[Ineda Systems](https://millionrounds.com/company/ineda-systems)** Series B · US **$2.0M** With 3 others
- **Oct** **[Loggly](https://millionrounds.com/company/loggly)** Series C · US **$15M** With 5 others
- **Oct** **[Waygum, Inc.](https://millionrounds.com/company/waygum-inc)** Grant · US **$75K** Sole investor
- **Sept** **[LiveAction](https://millionrounds.com/company/liveaction)** Series A · US **$5.3M** With 2 others
- **Sept** **[ItsOn](https://millionrounds.com/company/itson)** Series C · US **Undisclosed** Sole investor
- **Jun** **[Puppet Labs](https://millionrounds.com/company/puppet-labs)** Series E · US **$40M** With 4 others
- **May** **[Covacsis](https://millionrounds.com/company/covacsis)** Series B · IN **Undisclosed** With 2 others
- **May** **[University of New Brunswick](https://millionrounds.com/company/university-of-new-brunswick)** Venture **$2.0M** Sole investor
- **May** **[OpenDNS](https://millionrounds.com/company/opendns)** Series C · US **$35M** With 10 others
- **Apr** **[EVRYTHNG](https://millionrounds.com/company/evrythng)** Series A · GB **$7.0M** With 3 others
- **Apr** **[Ayla Networks](https://millionrounds.com/company/ayla-networks)** Series B · US **$15M** With 6 others
- **Mar** **[Embrane](https://millionrounds.com/company/embrane)** Series C · US **$14M** With 3 others
- **Mar** **[Enverv](https://millionrounds.com/company/enverv)** Series C · US **$15M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **106** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**5+** funds on file numbered funds in its name

## Exits from the portfolio

Companies it backed that were later bought or listed **44 in all**

**[Kustomer](https://millionrounds.com/company/kustomer)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **$1.0B** Nov 2020

**[VMware](https://millionrounds.com/company/vmware)** Bought by [Dell](https://millionrounds.com/fund/dell) **Undisclosed** Oct 2015

**[BlackArrow](https://millionrounds.com/company/blackarrow)** Bought by Cross Mediaworks **Undisclosed** Aug 2015

**[Soonr](https://millionrounds.com/company/soonr)** Bought by Autotask **Undisclosed** Jul 2015

**[OpenDNS](https://millionrounds.com/company/opendns)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **$635M** Jun 2015

**[Piston Cloud Computing, Inc.](https://millionrounds.com/company/piston-cloud-computing-inc)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **Undisclosed** Jun 2015

**[Embrane](https://millionrounds.com/company/embrane)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **Undisclosed** Apr 2015

**[Mavenir Systems](https://millionrounds.com/company/mavenir-systems)** Bought by [Mitel Networks Corporation](https://millionrounds.com/fund/mitel-networks-corporation) **$560M** Mar 2015

**[Enverv](https://millionrounds.com/company/enverv)** Bought by [Semtech](https://millionrounds.com/fund/semtech) **Undisclosed** Jan 2015

**[OpTier](https://millionrounds.com/company/optier)** Bought by [SAP](https://millionrounds.com/fund/sap) **$10M** Aug 2014

**[Tilera](https://millionrounds.com/company/tilera)** Bought by EZChip **$130M** Jul 2014

**[Digitalsmiths](https://millionrounds.com/company/digitalsmiths)** Bought by [TiVo](https://millionrounds.com/fund/tivo) **$135M** Jan 2014

**[VideoIQ](https://millionrounds.com/company/videoiq)** Bought by Avigilon Corporation **$32M** Dec 2013

**[RingCentral](https://millionrounds.com/company/ringcentral)** Listed **$98M** Sept 2013

**[Virident Systems](https://millionrounds.com/company/virident-systems)** Bought by [Western Digital Technologies](https://millionrounds.com/fund/western-digital-technologies) **$685M** Sept 2013

**[Xobni](https://millionrounds.com/company/xobni)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **$48M** Jul 2013

**[Mashery](https://millionrounds.com/company/mashery)** Bought by [Intel](https://millionrounds.com/fund/intel) **Undisclosed** Apr 2013

**[BroadLogic Network Technologies](https://millionrounds.com/company/broadlogic-network-technologies)** Bought by [Broadcom](https://millionrounds.com/fund/broadcom-limited) **Undisclosed** Jan 2013

**[CREDANT Technologies](https://millionrounds.com/company/credant-technologies)** Bought by [Dell](https://millionrounds.com/fund/dell) **Undisclosed** Dec 2012

**[AeroScout](https://millionrounds.com/company/aeroscout)** Bought by [Stanley Black & Decker](https://millionrounds.com/fund/stanley-black-and-decker) **$239M** Jun 2012

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**[Wrappup](https://millionrounds.com/company/wrappup)** **Undisclosed** Sept 2019

**Acano** **$700M** Nov 2015

**[1 Mainstream](https://millionrounds.com/company/1-mainstream)** **Undisclosed** Oct 2015

**[Lancope](https://millionrounds.com/company/lancope)** **$453M** Oct 2015

**[ParStream](https://millionrounds.com/company/parstream)** **Undisclosed** Oct 2015

**[Pawaa Software](https://millionrounds.com/company/pawaa-software)** **Undisclosed** Oct 2015

**Portcullis** **Undisclosed** Oct 2015

**[MaintenanceNet](https://millionrounds.com/company/maintenancenet)** **$139M** Jul 2015

**[OpenDNS](https://millionrounds.com/company/opendns)** **$635M** Jun 2015

**[Piston Cloud Computing, Inc.](https://millionrounds.com/company/piston-cloud-computing-inc)** **Undisclosed** Jun 2015

**Tropo** **Undisclosed** May 2015

**[Embrane](https://millionrounds.com/company/embrane)** **Undisclosed** Apr 2015

## The cheque

Pre-seed Seed Series A

Median round joined **$35M** the round, not its cheque Alone, median **$3.7M**

Led 0 of 158 rounds **0%**

- **Said size:** $200K – $2.0M
- **Sole investor:** 12 rounds
- **Last cheque:** Sept 2026
- **Exits:** 44 from the portfolio

Rounds by stage said on their site

- Series C *40*
- Series B said *37*
- Venture *18*
- Series D *18*
- Series A said *17*
- Pre-seed said *-*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Intel Capital](https://millionrounds.com/fund/intel-capital) 16
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 8
- [Benchmark](https://millionrounds.com/fund/benchmark) 7
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 7
- [Atomico](https://millionrounds.com/fund/atomico) 6
- [Comcast Ventures](https://millionrounds.com/fund/comcast-ventures) 6

**Pitching Cisco?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Cisco. A count of rooms they were both in, not a relationship either has claimed.

[**Intel Capital** Corporate VC **16** rounds together](https://millionrounds.com/fund/intel-capital)[**Sequoia Capital** VC firm **8** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Benchmark** VC firm **7** rounds together](https://millionrounds.com/fund/benchmark)[**Lightspeed Venture Partners** VC firm **7** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Atomico** VC firm **6** rounds together](https://millionrounds.com/fund/atomico)[**Comcast Ventures** Corporate VC **6** rounds together](https://millionrounds.com/fund/comcast-ventures)[**First Round Capital** VC firm **6** rounds together](https://millionrounds.com/fund/first-round-capital)[**Microsoft** Corporate VC **6** rounds together](https://millionrounds.com/fund/microsoft)[**New Enterprise Associates** VC firm **6** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Greylock** VC firm **5** rounds together](https://millionrounds.com/fund/greylock-partners)[**Hummer Winblad Venture Partners** VC firm **5** rounds together](https://millionrounds.com/fund/hummer-winblad-venture-partners)[**Khosla Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/khosla-ventures)

## Recently backed

The latest companies Cisco put money into.

[**Groq** $750M · Sept 2026](https://millionrounds.com/company/groq)[**xAI** $20B · Oct 2025](https://millionrounds.com/company/xai)[**Thinking Machines Lab** $2.0B · Jul 2025](https://millionrounds.com/company/thinking-machines-lab)[**Terradot** $58M · Dec 2024](https://millionrounds.com/company/terradot)[**PubNub** $23M · Apr 2019](https://millionrounds.com/company/pubnub)[**Whatfix** $13M · Mar 2019](https://millionrounds.com/company/whatfix)

## Quick answers about Cisco

### What does Cisco invest in?

Cisco invests most often at Series C and Series B (59% of the rounds on record), in sectors such as Banking, Software and Ag Tech.

### How active is Cisco?

158 investments on record, 1 of them in the last 12 months. The most recent was in Sept 2026.

### What has Cisco invested in recently?

Its most recent investments on record: Groq (Growth, Sept 2026), xAI (Series E, Oct 2025) and Thinking Machines Lab (Series A, Jul 2025).

### How big are Cisco's cheques?

The median round it joins is $35M. It says it writes cheques of $200K to $2.0M.

### Does Cisco lead rounds?

Rarely, if at all: none of its 158 investments on record names it as the lead.

### Where does Cisco invest?

Most of the companies it backs are in the United States (82%), the United Kingdom (8%) and India (5%).

### Is Cisco investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Cisco invest alongside?

Most often Intel Capital (16 rounds together), Sequoia Capital (8 rounds together) and Benchmark (7 rounds together).

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