US network equipment maker Cisco is to invest $100 million in French start-ups according to French Prime Minister Manuel Valls.
The investment is part of a partnership between the company and the French state that aims to develop better networks, improve cybersecurity, provide training 200,000 people over three years and finance academic research.
A statement from Valls’ office said that Cisco would assist digital innovation thanks to an in French startups.
The deal was announced after Valls met Cisco CEO, John Chambers. It is not clear what Cicso’s cunning plan in France is yet, but we suspect it will be part of Chamber’s cloud strategy.
Recently SFR France announced that it was using Cisco products in its upgrade from IPv4 to IPv6.
