GE Ventures related stories
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Syapse nabs $30 mln Series DSan Francisco-based Syapse, a provider of precision medicine solutions, has raised $30 million in Series D financing. The backers included Ascension Ventures, GE Ventures, Intermountain Healthcare Innovation Fund, Safeguard Scientifics, Social Capital, Amgen Ventures, Medidata Solutions, Merck Global Health Innovation Fund and Roche Venture Fund.
- Equalum nets $5 mln Series A
Silicon Valley and Tel Aviv-based Equalum, a provider of an enterprise data beaming platform, has raised $5 million in Series A financing. The investors included Innovation Endeavors and GE Ventures.
- GE appoints Siegel as chief innovation officer
General Electric has named Sue Siegel as chief innovation officer. Her appointment becomes effective immediately. Currently, Siegel is the CEO of GE Ventures, a role she will continue in addition to her new responsibilities.
- Canaan leads $11 mln funding in talent acquisition platform Ascendify
San Francisco-based Ascendify, provider or a talent acquisition platform, has raised $11 million in a Series A round led by Canaan Partners. GE Ventures and Cisco Investments, who were customers of Ascendify prior to investing, also participated in the financing. As part of the funding, Deepak Kamra, general partner at Canaan, has joined the board.
- AAF raises $25 mln for inaugural venture fund
Arab Angel Fund has closed its oversubscribed debut fund at its $25 million target. Arab Angel Fund I LP's limited partners include high-net worth individuals and private family offices from Egypt, Jordan, Lebanon, Morocco, Saudi Arabia, Kuwait, Turkey and the United Arab Emirates. The fund will invest in in VC-backed early-stage tech startups in North America, helping them expand to the Middle East, North Africa and the Gulf Cooperation Council regions.
Ambyint secures $14 mln in Mercury Fund-led Series A roundAmbyint Inc, a Calgary-based energy-focused artificial intelligence (AI) startup, has raised about $14 million (US$11.5 million) in a Series A financing. U.S. venture capital firm Mercury Fund led the round and was joined by GE Ventures, Statoil Technology Invest and Cottonwood Venture Partners. Launched in 2015, Ambyint has developed an AI-driven, artificial-lift optimization solution that helps oil and gas companies reduce costs and improve production. It will use the funds raised to expand deployments of the technology in Canada and the United States and pursue further innovation. Ambyint was founded by COO Nav Dhunay and is led by CEO Alex Robart.
- Aras takes in $40 mln
Aras, a provider of product lifecycle management software, has secured $40 million in funding. Silver Lake Kraftwerk led the round with participation from GE Ventures.
- SmartAssist lands $5 mln Series A
Seattle-based SmartAssist.io, an AI-powered service for customer support, has raised $5 million in Series A financing. The investor in this round was Madrona Venture Group. SmartAssist's other backers are Kernel Labs and GE Ventures.
Zoma Capital tops up Enbala's Series B round to $17.5 mlnEnbala Power Networks has secured funding from Zoma Capital, the investment arm of a U.S. family office. It resulted in a second close of Enbala's Series B financing, bringing the round's total to $17.5 million. The initial close, announced earlier in 2017 /canada/2017/2/3437331/ was led by ABB Technology Ventures, with participation from National Grid, GE Ventures, Obvious Ventures, EnerTech Capital and Chrysalix Venture Capital. Vancouver-based Enbala provides distributed energy resource management software to make power grids greener and more efficient. Founded in 2003, the company is led by President and CEO Arthur “Bud” Vos.