GE Ventures
 | |
| Industry | Venture capital |
|---|---|
| Founded | 2013 |
| Defunct | 2020 |
| Headquarters | Menlo Park, California |
Key people | Sue Siegel (CEO) |
| Website | www.geventures.com |
GE Ventures (founded in 2013) was the venture capital subsidiary of General Electric.[1] Headquartered in Menlo Park, California the firm also has offices in Boston, Chicago, Houston, Shanghai, and Tel Aviv. As of 2015, the CEO is Sue Siegel,[2] and on October 23, 2017, she was also named chief innovation officer.[3] GE Ventures plans to invest up to $150 million annually in startups (or corporate collaborations) in the healthcare, energy, software, and advanced manufacturing sectors.[4]
The firm lists 75 companies in its portfolio,[a] including Clearpath Robotics,[5] HourlyNerd,[6] Mocana,[b] Nanosonics,[c] Enbala,[d] and Airware.[7] In March 2015, GE Ventures led a Series A investment in Evidation Health, a healthcare technology company formerly known as The Activity Exchange that is involved in data analytics.[8] In December 2016, GE Ventures launched Menlo Microsystems, Inc., a spinoff from GE's Global Research Center, which creates "digital micro switches" used in mobile communication networks.[9]
The company was dissolved in 2020.[10]
See also
[edit]References
[edit]- ^ Riddell, Lindsay (24 May 2013). "GE Ventures launches in Silicon Valley". San Francisco Business Journal.
- ^ Kolodny, Laura (5 May 2015). "GE Ventures' Sue Siegel: Accelerators Reduce Risk for Early-Stage Investors". Wall Street Journal.
- ^ "GE's Chief Innovation Officer Is Ready to Try Something New". Fox Business. 2018-02-27. Retrieved 2018-03-15.
- ^ Tremain, William (30 January 2013). "The Daily Startup: GE Consolidates Venture Investment Groups". Wall Street Journal.
- ^ Intelligence, B. I. "GE and Caterpillar have invested in an autonomous robot startup". Business Insider Deutschland (in German). Retrieved 2019-02-27.
- ^ Keohane, Dennis (4 February 2015). "HourlyNerd gets $7.8 million in new funding from powerhouse group of investors". Beta Boston.
...Highland Capital Partners led the Series B round, and was joined by GE Ventures, Greylock Partners, Intuit founder Scott Cook, the Kraft Group, and others.
- ^ Constantine, Josh (19 November 2014). "Airware's Drone Operating System Gets Strategic Investment, Tech, Clients From GE Ventures". TechCrunch.
- ^ Gagliordi, Natalie (5 March 2015). "GE Ventures backs data-driven digital health company Evidation Health". ZDNet. Retrieved 28 January 2018.
- ^ "Tech firm backed by GE Ventures leasing space at SUNY Poly in Albany". bizjournals.com. Retrieved 2018-03-15.
- ^ "GE ventures". 2020-06-01. Archived from the original on 2020-06-01. Retrieved 2024-09-28.
Notes
[edit]- ^ "GE Ventures Portfolio". GE Ventures.
- ^ Lennon, Mike (12 December 2013). "Mocana Receives Strategic Investment from GE Ventures". Security Week.
- ^ "GE Extends Strategic Relationship With Australian-based Nanosonics to Expand Healthcare Innovation Globally". TMCNet. 24 June 2012.
- ^ St. John, Jeff (30 March 2015). "Enbala Raises $11M to Take Its Buildings-to-Grid Balancing Act to a Bigger Stage". Green Tech Media.
