Former executive chairman and CEO of Cisco John Chambers has joined Averon Advisory Board. After demitting office at Cisco, Chambers has ventured in startups and investment. In January 2018, he established JC2 Ventures to help young startup attain critical mass. Chambers who helped grow the Cisco’s revenues from $70 million to $47 billion during his over 20 years at the networking giant is betting high on venture firms and startups.
The new board that he has joined develops mobile identity verification technology. Averon develops Direct Autonomous Authentication (DAA) mobile identity verification standard, which enables smartphone users to interact with services and devices like smart locks, without downloading a dedicated application or other software.
The company leverages real-time mobile network signaling and the SIM/eSIM chips, requiring no installation, no apps, and no user involvement. It offers authentication solutions for banking, smart vehicles, e-commerce, smart locks, online accounts, and government. The company was founded in 2015 and is based in San Francisco, California.
“In the Digital Age, the currency between companies and their consumers is trust and privacy. The world urgently needs to combat cybercrime and improve experiences
online, and Averon recognizes that fully,” said Chambers.
“I look forward to contributing to Averon’s mission of restoring sanity to online identity and opening doors to valuable new consumer experiences as a member of the Board. Averon is the gold standard for digital identity, and I am delighted to join forces with this stellar
team,” he said.
“John Chambers is a pillar of the tech industry, having shaped Cisco into the network giant it is today in addition to supporting the growth of today’s most cutting- edge technologies,” said Wendell Brown, CEO and co-founder of Averon.
“We are honored that John has joined the Averon Advisory Board and we look forward to drawing upon his expertise as we explore new channels and applications for our technology on a global scale,” said Brown.