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Quantela said that it has raised $10 million investment from Digital Alpha, an investment firm supported by networking giant Cisco.
Cisco has announced $1 billion City Infrastructure Financing Acceleration Program aimed at smart cities project around the world.
Energy management firm Schneider Electric and IL&FS Technologies have signed a contract with Naya Raipur Development Authority (NRDA) for the development of the green field integrated smart city of Naya Raipur.
Without disclosing the name of the firm, L&T Technology said that while it will provide i-BEMS solution to save substantial energy costs and boost employee productivity, Microsoft offers its Digital User Experience design solutions.