There’s nothing like money to prime the pump of a technology platform. At least that’s the thinking behind
The networking giant is hoping to spawn a cottage industry of startups working on applications that will run on the operating system that Juniper uses for its devices. Its Junos software allows programmers to access and write code for multiple layers of the data network, which can be extremely useful when creating new, network-based services.
The move is similar to
Juniper has steadily increased the amount of money it spends on research and development in recent years, expanding it in step with improving sales figures. It spent nearly $750 million last year on R&D expenses, almost three times more than what it spent just five years before.
It is not yet clear if the networking company will hire additional executives to staff its investing operation or rely on internal expertise.
The company has been busily investing in startups for some time, backing 11 companies to date, including Santa Clara, Calif.-based network optimization startup
It is not the first time Juniper has dipped its toe into venture capital investing. The firm invested in