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Operations has grown substantially since then. It's no wonder why Israel, a country smaller than the state of New Jersey, is one of Cisco's largest markets for investments outside the United States.Ĭisco Israel started in 1995 with 15 people. 'The incredible amount of innovation that comes out of Israel is something that we look forward to continue driving in the future.”Īs Israel celebrates its 70th anniversary of independence, let’s take a look at the growth of Cisco Investments in the Startup Nation, a nickname that Israel earned by having the most startups per capita worldwide.

'We are proud to partner with Israel,' Cisco Chairman and CEO, Chuck Robbins, said during his recent visit. Of the startups Cisco invested in, 16 companies were acquired and two startups have gone through IPOs those figures translate into exits in excess of $2 billion and an investment of $2 billion in the Israel tech ecosystem over the years. Since setting up operations in the country 23 years ago, Cisco has directly invested in five funds and 35 startups. When it comes to Cisco's history in Israel, it's easy to let the numbers tell the story of growth. Beginnings and beyond: a snapshot of Cisco’s investments in Israel

Sookasa acquired by barracuda networks amount