GE Ventures explained
GE Ventures (founded in 2013) is 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, including Clearpath Robotics,[5] HourlyNerd,[6] Mocana, Nanosonics, Enbala, 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]
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Notes and References
- News: Riddell. Lindsay. GE Ventures launches in Silicon Valley. San Francisco Business Journal. 24 May 2013.
- News: Kolodny. Laura. GE Ventures' Sue Siegel: Accelerators Reduce Risk for Early-Stage Investors. Wall Street Journal. 5 May 2015.
- News: GE's Chief Innovation Officer Is Ready to Try Something New. 2018-02-27. Fox Business. 2018-03-15. en-US.
- News: Tremain. William. The Daily Startup: GE Consolidates Venture Investment Groups. Wall Street Journal. 30 January 2013.
- Web site: GE and Caterpillar have invested in an autonomous robot startup. Intelligence. B. I.. Business Insider Deutschland. de. 2019-02-27.
- News: Keohane. Dennis. HourlyNerd gets $7.8 million in new funding from powerhouse group of investors. Beta Boston. 4 February 2015. ...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. .
- News: Constantine. Josh. Airware's Drone Operating System Gets Strategic Investment, Tech, Clients From GE Ventures. TechCrunch. 19 November 2014.
- News: GE Ventures backs data-driven digital health company Evidation Health. Gagliordi. Natalie. 5 March 2015. ZDNet. 28 January 2018.
- Web site: Tech firm backed by GE Ventures leasing space at SUNY Poly in Albany . bizjournals.com. 2018-03-15.
