On February 3, 2016, Cisco announced its intention to acquire Jasper Technologies for $ 1.4 billion in cash and equity. This makes it the largest Internet of Things (IoT) platform acquisition to date. Jasper was founded in 2004 and has raised $ 205.3 million in venture capital. The final round was a $ 50 million Series F round led by Temasek Holdings in Singapore in April 2014. The $ 1.4 billion price tag dwarfs any further acquisitions of IoT platforms, …
