C3 IoT the leading AI and IoT software platform provider for digital transformation today announced a new round of financing by existing investors TPG Growth Breyer Capital Sutter Hill Pat House and Thomas M Siebel Joining the round is The Rise Fund the global investment fund that is committed to achieving measurable social and environmental outcomes alongside competitive financial returns C3 IoT provides several AI-based product offerings that deliver environmental and social benefits such as energy management and precision health solutions
Our additional investment in C3 IoT reflects our ongoing confidence in the company’s unmatched capabilities best-in-class management team and significant growth potential said Nehal Raj Partner and head of technology investing at TPG C3 IoT is transforming industries creating competitive advantages for its customers and generating significant measureable social impact in important areas such as healthcare and energy Applying our experience building businesses across sectors we are excited to continue to work with Tom and the team to accelerate adoption of the platform ”
The fast-emerging leader in PaaS enterprise software for AI and IoT applications C3 IoT accelerates enterprise-wide digital transformations In the last year C3 IoT has sustained record bookings growth expanded business operations globally and added new industry sectors to its customer portfolio including aerospace healthcare discrete manufacturing and oil and gas
C3 IoT is focused on running a rapidly growing profitable cash positive business driving digital transformation at many of the world’s leading corporations This capital will be deployed to substantially increase service and distribution capacity globally said Thomas M Siebel Founder Chairman and CEO of C3 IoT
About C3 IoT
C3 IoT is the world’s leading AI and IoT software provider for digital transformation C3 IoT delivers a comprehensive platform as a service PaaS for the rapid design development and deployment of large-scale big data predictive analytics AI and IoT applications for any value chain C3 IoT also provides a family of configurable and extensible SaaS products developed with and operating on its PaaS including predictive maintenance fraud detection sensor network health supply chain optimization energy management and customer engagement More information is at https://c3iot com
About The Rise Fund
The Rise Fund is a global fund committed to achieving measureable positive social and environmental outcomes alongside competitive financial returns -what we call complete returns ” The Rise Fund is managed by TPG Growth the global growth equity and middle market buyout platform of alternative asset firm TPG TPG Growth Founder and Managing Partner Bill McGlashan U2 lead singer Bono a well-known activist and a special partner with TPG Growth and Jeff Skoll a global entrepreneur film producer and impact investor co-founded The Rise Fund They were joined by a group of influential thought leaders with a deep personal and professional commitment to driving social and environmental progress who came together to form the Founders Board The Rise Fund’s objectives align with the U N ‘s Sustainable Development Goals The Rise Fund invests in education energy food and agriculture financial services growth infrastructure healthcare and technology media and telecommunications companies that deliver complete returns
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