Thursday, January 18, 2018

C3 IoT Raises $100M More

C3 IoT, the developer of artificial intelligence and AI software which is backed by Fort Worth-based TPG Growth, has raised $100M more in funding, TPG said late Wednesday. C3 IoTsaid that the new funding round comes from TPG Growth, Breyer Capital, Sutter Hill, Pat House and Thomas M. Siebel, and also included The Rise Fund. C3 IoT is applying its artificial intelligence software to areas it says delivers environmental and social benefits, such as energy management and precision health solutions. TPG's investment in C3 IoT is being managed by Nehal Raj, Partner and head of technology investing at TPG. C3 IoT is based in Redwood City, California.