Thursday, January 18, 2018

C3 IoT Gets $100M More In Funding

Redwood Cit-based C3 IoT, a developer of artificial intelligence and AI software has raised $100M more in funding, the company and its investors announced late Wednesday. C3 IoT said 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. C3 IoT's last funding round valued the company at $1.4 billion; the company has not said what this round's valuation was worth.