Sunday, September 19, 2021
92.9 F
Fort Worth

TPG Growth invests in Internet of Things company

🕐 1 min read

TPG Growth, the $7 billion middle market and growth equity investment platform of Fort Worth and San Francisco-based TPG, announced Sept. 1 it has invested in C3 IoT, a leader in the Internet of Things (IoT) market.

Founded by Silicon Valley icon Thomas Siebel, C3 IoT applies the sciences of big data, advanced analytics, and machine learning to enable a new generation of smart business processes and predictive analytic applications that enable businesses to create competitive advantage. 

Siebel, a former executive with Oracle Corp. has been involved with several Silicon Valley companies.

The C3 IoT Platform is a cohesive development environment that enables IT teams to rapidly design, develop, and deploy enterprise-scale big data and IoT applications

In the past six months, C3 IoT has had several milestones, including:

• Being selected by ENGIE, a 70 billion EUR global integrated energy company, which will use the C3 IoT Platform and applications as the technology foundation for its enterprise-wide IoT transformation plan to enhance and accelerate ENGIE’s lead in digital innovation.

• U.S. Department of State awarded C3 IoT a multi-year contract of $25 million to deploy energy management and predictive analytics technology globally–across 22,000 facilities in 190 countries–to achieve and maintain statutory, executive order, and department energy and sustainability goals.

• Amazon Web Services (AWS) and C3 IoT agreed to a new level of cooperation with new development and go-to-market initiatives to facilitate customer success with large-scale IoT implementations.

This Series D equity financing round, led by TPG, also included returning investors Sutter Hill, Interwest Partners, and Siebel.

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate