C3 IoT has announced a Series E financing round at a $1.4 billion pre-money valuation. Led by Breyer Capital, a global firm with investment interest in long term-oriented entrepreneurs and teams working in artificial intelligence (AI), the funds will be used to fuel C3 IoTs growth by expanding its product footprint and customer service capacity globally. Investors included Breyer Capital, TPG, Sutter Hill, Wildcat Venture Partners, Pat House, and Thomas Siebel. The amount of the financing was not disclosed.
A fast-growing leader in PaaS enterprise software for big data, AI, and IoT applications, C3 IoT applies the sciences of big data, cloud computing, and machine learning to enable a new generation of predictive analytics applications.
C3 IoT has more than 20 industrial-scale deployments with more than 100 million connected IoT sensors. The company closed a$70 million Series D equity financingled by TPG Growth in September of 2016.
“AI may be the most revolutionary and interesting investment theme in the next decade. C3 IoT is well positioned to become a leader in the large and rapidly growing enterprise AI, big data software market, and we look forward to being part of this success story,” said Jim Breyer, Founder and CEO, Breyer Capital