GE Ventures related stories
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Ontario Teachers'-backed Stem acquires Constant PowerStem Inc has acquired most of the assets of Constant Power Inc, a Toronto-based developer, integrator and operator of distributed energy resources with an energy storage-as-a-service solution. No financial terms were disclosed. Stem, a Millbrae, California-based artificial intelligence-enabled energy storage provider, said it has also appointed Brad Marks as country manager for Canada. The announcements come several months after the company secured /canada/2018/07/ontario-teachers-invests-200-mln-in-stems-ontario-expansion/ $200 million from Ontario Teachers’ Pension Plan. The investment by Ontario Teachers' was intended to support Stem's acquisition of Ontario energy storage projects and delivery of its systems.
Aras gathers $70 mln Series D in Goldman Sachs-led roundAndover, Massachusetts-based Aras, a provider of open product lifecycle management software for the enterprise, has raised $70 million in Series D funding. Goldman Sachs Private Capital led the round with participation from other investors that included Silver Lake Kraftwerk. In conjunction with the transaction, Hillel Moerman and Holger Staude of Goldman Sachs will join Aras’ board of directors as a board member and as an observer, respectively.
- WeWork to buy VC-backed Teem
WeWork has agreed to acquire Teem, a software and analytics provider, according to a blog post https://www.wework.com/blog/posts/wework-acquires-workplace-software-and-analytics-leader-teem on the former company's site. No financial terms were disclosed. Teem's backers included NGP Capital, Origin Ventures, Zetta Venture Partners, GE Ventures, Peak Ventures and Greycroft, according to Crunchbase.
- Evidation Health scores $30 mln Series C
San Mateo, California-based Evidation Health, a health and measurement company, has raised $30 million in Series C funding. SV Health Investors and B Capital Group led the round with participation from existing investors GE Ventures and Sanofi Ventures.
- Verana Health inks $30 mln Series C
Verana Health, a healthcare innovation platform, has raised $30 million in Series C financing. GV led the round with participation from return backers Biomatics Capital, Brook Byers, GE Ventures and Lagunita Biosciences. In addition to the funding, Verana Health has appointed Miki Kapoor as president and CEO.
Ontario Teachers’ invests $200 mln in Stem's Ontario expansionStem Inc, a U.S. artificial intelligence-enabled energy storage provider, has raised $200 million from Ontario Teachers’ Pension Plan. The deal's proceeds will support Stem's acquisition of Ontario energy storage projects and delivery of the company's systems, which help manufacturers and other industrial customers control energy consumption costs. Ontario Teachers’ Senior Managing Director Dale Burgess said the investment attests to the value of a "firm and competitive financing solution for industrial customers in Ontario." The pension fund also backed Stem’s Series D financing, which closed this week at nearly US$110 million.
- Xage Security procures $12 mln Series A
Xage Security, a blockchain-protected security platform provider for the industrial internet of things, has raised $12 million in Series A funding. March Capital Partners led the round with participation from GE Ventures, City Light Capital and NexStar Partners.