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Cisco announces $1 Billion ‘City Infrastructure Financing Acceleration Program’

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Cisco announces $1 Billion ‘City Infrastructure Financing Acceleration Program’

At the recently held Smart City Expo World Congress, Cisco announced added functionality to its newly renamed connected digital platform, Cisco Kinetic for Cities. It integrates with the Cisco Kinetic IoT data platform.

The new features provide enhanced support for public safety. From the new full-policy automation options to an improved dashboard with integrated video, updates to the platform put citizen safety first. Real-time notification of emergency information now draws on additional IoT data sources and Cisco Spark Collaboration.

To help cities get smarter, Cisco has introduced the City Infrastructure Financing Acceleration Program. This $1 billion program will enable cities around the world to fund and adopt technologies that will transform their communities.

The funding will be provided through Cisco Capital in partnership with private equity firm Digital Alpha Advisors. The pension fund investors, APG Asset Management (APG) and Whitehelm Capital are also the partners. Cisco and its partners will bring the capital and expertise it takes to make smart city projects a reality.

From energy usage to boosting public transportation ridership to traffic management, the program will help cities with solutions.   Read more…

Syeda Beenish

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