GE Ventures related stories
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Xometry rakes up $23 mln totalXometry, an on-demand manufacturing marketplace, has raised funding to a total tally of $23 million. The investors in this round included GE Ventures and return backer Highland Capital Partners.
- Arcadia Healthcare Solutions nets $30 mln
Burlington, Massachusetts-based Arcadia Healthcare Solutions, a healthcare data aggregation and analytics technology company, has secured $30 million in funding. The investors were Merck Global Health Innovation Fund, GE Ventures, Peloton Equity, Zaffre Investments and Morgan Stanley Alternative Investment Partners.
- Sarcos Robotics inks $15.6 mln Series A
Sarcos Robotics, a maker of industrial robots, has raised $15.625 million in Series A funding. The company's investor base includes Schlumberger, Caterpillar, GE Ventures and Microsoft. In addition to the funding, Ashok Belani, Schlumberger’s executive vice president of technology, has been added to the Sarcos board of directors.
- Electronic switch maker Menlo Micro takes in $18.7 mln
Menlo Micro, a new spinout from GE’s global research center, has raised $18.7 million in funding. The investors were Microsemi Corp, Corning, Paladin Capital Group and GE Ventures. Based in Irvine, California, Menlo Macro is a maker of electronic switches.
- Lisa Suennen to join GE Ventures as managing director
Lisa Suennen will join GE Ventures on Dec. 1 as a managing director, according to her blog.
Yaletown Partners expects big payoff from sale of Bit StewCanadian growth equity firm Yaletown Partners said it was "rewarded" by this week's sale /canada/2016/11/3419916/ of Bit Stew Systems Inc to GE Digital. The deal's terms were not disclosed; however, the Globe and Mail reported the value at US$153 million. Yaletown was the first and largest investor in Bit Stew, a Vancouver data integration platform for the industrial internet. Yaletown led the company's Series A round in late 2013 and participated in every financing thereafter. Bit Stew's board was chaired by Yaletown General Partner Salil Munjal. Earlier this year, Yaletown launched its latest fund /canada/2016/4/yaletown-venture-partners-launches-135-mln-emerging-growth-fund/ Yaletown Emerging Growth Fund, which is targeted to raise $135 million.