GE Ventures related stories
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Arctic Sand Tech raises $19 mlnArctic Sand Technologies said Thursday that it raised $19 million in Series B financing led by Murata Manufacturing Company Ltd. GE Ventures, Northwater Capital and Arsenal Venture Partners also participated. Cambridge, Massachusetts-based Arctic Sand is a semiconductor company.
- Formation 8, GE Ventures lead $10.5 mln Series A for Motive Drilling Technologies
Motive Drilling Technologies, a drilling decision-automation company based in Dallas, raised $10.5 million in a Series A funding round led by Formation 8 and GE Ventures. The company was formed in Hunt Energy Enterprises LLC, a venture startup incubator within Hunt Consolidated Inc.
- mPrest raises $20 mln
Mprest said Sunday it raised $20 million in Series A funding led by GE Ventures and Our Crowd. Mprest provides monitoring and control software for the Internet of Things.
- Omni-ID nabs $21 mln
Rochester, New York-based Omni-ID, a provider of industrial RFID tags and visual tagging systems, has secured $21 million in funding. The investors were Trillium International, GE Ventures, Stonehenge Growth Equity Partners and YFY Group. In addition to the funding, Brian Model of Stonehenge Growth Equity Partners, Ralph Taylor-Smith of GE Ventures, Bingyi Lin of YFY Group and George Daddis of Omni-ID have been added to Omni-ID's board of directors.
- Aver inks $13.6 mln
Columbus, Ohio-based Aver Inc, a provider of a patented data management platform that simplifies the healthcare reimbursement process, has secured $13.6 million in funding. Heritage Group led the round with participation from Cardinal Health Inc, GE Ventures, Hearst Health Ventures, NCT Ventures and StartUp Health. In addition to the funding, Rock Morphis, managing director at Heritage Group, has been added to Aver's board of directors.
- Sungevity raises $50 mln
Sungevity has raised $50 million in financing from existing investors including GE Ventures. New investors including Apollo Investment Corp. participated as well as Hercules Technology Growth Capital. Sungevity also raised $600 million in new project financing from a consortium led by Apollo Investment Corp. Oakland, Calif.-based Sungevity, a solar energy provider, is a portfolio company of Hercules Technology Growth Capital.
- APX Labs scores $29 mln
Wearable technology provider APX Labs has secured $29 million in funding. New Enterprise Associates led the round with participation from other investors that included CNF Investments, GE Ventures, Salesforce Ventures and SineWave Ventures.
- Interconnection company IIX inks $26 mln Series B
Silicon Valley-based interconnection company IIX Inc has raised $26 million in Series B funding. Formation 8 led the round with participation from other investors that included New Enterprise Associates and AME Cloud Ventures. In conjunction with the funding, Jim Kim, a founding partner at Formation 8, has been added to IIX’s board of directors.
- Israeli cyber security company Morphisec snags $7 mln
Israel-based Morphisec, a provider of cyber security prevention and detection solutions, has secured $7 million in Series A funding. Jerusalem Venture Partners, GE Ventures, Deutsche Telekom, Portage Advisors and OurCrowd were the lead investors.
VCs no longer flying over Ohio--VCJ regional reportCincinnati, Cleveland and Columbus: The three Cs of a venture boom in flyover country.