Data Analytics Startup Raises $70 Million to Help Businesses Leverage Internet of Things
A data analytic startup has raised a sizeable round of funding. C3 IoT secured $70 million.
The company, founded in 2008, helps businesses collect and analyze data from Internet of Things devices, such as smart appliances.
TPG Capital’s growth arm—which has bought into Uber and Airbnb—invested $60 million into the round. C3 IoT has estimated annual revenue of $50 million.
The company, founded in 2008, helps businesses collect and analyze data from Internet of Things devices, such as smart appliances.
C3 IoT was founded by billionaire Thomas Siebel, who was an executive at Oracle before he left to launch a company that he later sold to Oracle for nearly $6 billion.The Consumer Internet of Things is About to Explode
TPG Capital’s growth arm—which has bought into Uber and Airbnb—invested $60 million into the round. C3 IoT has estimated annual revenue of $50 million.
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