ABB

ABB is a global leader in power and automation technologies, providing a comprehensive range of products, systems, solutions, and services. The company focuses on power transmission, distribution, and power-plant automation, catering to electric, gas, and water utilities, as well as industrial and commercial sectors. Its automation division serves various industries, offering measurement, control, protection, and process optimization applications. ABB operates in approximately 100 countries and is structured around five main divisions: Power Products, Power Systems, Discrete Automation and Motion, Low Voltage Products, and Process Automation. The company has made significant acquisitions, including Baldor Electric Company and a controlling interest in Validus DC Systems. ABB is also involved in digital solutions across industries, including smart grids, robotics, renewable energy, and wireless technologies for mission-critical applications. Furthermore, ABB Technology Ventures, the company's venture capital arm, invests in innovative energy technology companies, focusing on sectors such as smart grids and cleantech, to enhance sustainability and performance.

Malin Carlström

Investor

90 past transactions

Morrow Batteries

Venture Round in 2022
Morrow’s ambition is to develop and manufacture the world’s most cost-effective and sustainable battery cells. The company’s vision is to enable and accelerate the green energy transition through the production of sustainable batteries.

ChargeLab

Series A in 2022
ChargeLab Inc. is a Toronto-based company that specializes in developing a hardware-agnostic electronic vehicle charging management platform. Founded in 2015, ChargeLab does not manufacture EV chargers; instead, it offers software solutions that enhance the functionality of existing chargers, making them smarter and more user-friendly. The company's platform connects, manages, and monetizes charging stations, catering to a diverse clientele that includes government entities, multinational real estate investment trusts, parking operators, and property managers. By integrating its technology with various charging hardware, ChargeLab aims to streamline the electric vehicle charging experience for users and operators alike.

Cassia Networks

Series C in 2022
Cassia Networks, Inc. specializes in developing and manufacturing Bluetooth router products aimed at home automation, entertainment, and health and safety markets. Founded in 2014 by Felix Zhao, the company is headquartered in San Jose, California, with additional operations in Beijing, China. Its product lineup includes the Cassia Hub, the first Bluetooth router that enables long-distance control of up to 22 Bluetooth devices, along with Bluetooth speakers, smart plugs, multi-color LED products, connected home kits, and personal safety sensors. Cassia Networks also offers software development kits for developers and vendors, along with support services. The company distributes its products through online retailers, enhancing accessibility for consumers.

Automata

Series B in 2022
Automata is a deep-tech company that creates products that empower people to automate physical work. The company's product, Eva, is a lightweight and affordable robot arm built for professionals in a production line, in a lab, a home workshop or even in a classroom. People don't need to be technical experts to communicate with robots. The web-based software platform can be programmed by anyone, anywhere, any time, from any device, making it easy to reconfigure for a wide range of different tasks. Automata was founded on 2015 and is headquartered in London, England.

Sevensense Robotics

Series A in 2021
Sevensense Robotics AG, founded in 2018 and based in Zurich, Switzerland, specializes in developing integrated software and hardware solutions that enable robots to autonomously navigate dynamic environments shared with humans. The company offers a unique autonomy kit designed for mobile robots operating in complex indoor and outdoor settings. Central to its technology is the Alphasense Core, a multi-camera sensor that captures high-quality data essential for the subsequent layers of the system. The Alphasense Position utilizes this data to determine the robot's precise location, while the Alphasense Autonomy layer leverages this localization information to facilitate safe navigation and obstacle avoidance.

BrainBox AI

Series A in 2021
BrainBox AI Inc. designs and develops an artificial intelligence (AI) based automapping tool that maps building HVAC control points. The company amalgamates and analyzes generated data to produce predictive maintenance modules that provide building operators with fault detection diagnostics. BrainBox AI Inc. was founded in 2017 and is based in Montreal, Canada.

Stellapps

Series C in 2021
Stellapps designs dairy management software applications that leverage the power of technology to improve dairy supply chain parameters. The company's applications leverage the Internet of Things (IoT), big data, cloud, mobility and data analytics to improve agri-supply chain parameters, including milk production, milk procurement, cold chain animal insurance and farmer payments, enabling dairy farms, dairy farmers and cooperatives to maximize profits while minimizing effort.

GO TO-U

Funding Round in 2021
We deliver a seamless EV charging experience with comfort, confidence and simplicity.

Stellapps

Series C in 2021
Stellapps designs dairy management software applications that leverage the power of technology to improve dairy supply chain parameters. The company's applications leverage the Internet of Things (IoT), big data, cloud, mobility and data analytics to improve agri-supply chain parameters, including milk production, milk procurement, cold chain animal insurance and farmer payments, enabling dairy farms, dairy farmers and cooperatives to maximize profits while minimizing effort.

ASTI Mobile Robotics

Acquisition in 2021
ASTI Mobile Robotics SA, based in Burgos, Spain, specializes in designing, engineering, manufacturing, and maintaining automated intralogistics solutions. The company primarily focuses on automated guided vehicles (AGVs) that facilitate the movement of materials and products within factories and warehouses. With a diverse product portfolio, ASTI Mobile Robotics offers various AGVs, including towing vehicles, goods-to-person systems, unit carriers, and box movers. Additionally, the company provides traditional materials handling equipment, automated storage systems, and software solutions for vehicle navigation, fleet management, and data traceability. ASTI Mobile Robotics also delivers support services, such as engineering assistance, simulations, customized interface development, and maintenance. Founded in 1982, the company plays a key role in enhancing operational efficiency across industries such as automotive, food and beverage, pharmaceuticals, and aerospace.

Soft Robotics

Series B in 2021
Soft Robotics Inc., founded in 2012 and based in Bedford, Massachusetts, specializes in designing, manufacturing, and marketing robotic grippers and control systems. These advanced tools enable the manipulation of items with varying sizes, shapes, and weights, making them suitable for diverse applications in packaging, supply chain, and industrial settings. The company's innovative soft robotic technology, protected by over 40 patents, addresses the challenges of automation by offering high adaptability and reducing system complexity and costs. Their grippers are capable of handling a wide range of objects—from food products to consumer goods—without the need for tool or software changes between tasks. This versatility allows for efficient operations in industries such as food and beverage, medical devices, and e-commerce. Soft Robotics' systems are designed to integrate seamlessly with existing industrial robots and vision systems, providing solutions that enhance productivity and optimize efficiency in high SKU processing and packaging environments. The company aims to unlock the future of automation with its cutting-edge technology that combines speed, precision, and adaptability.

Graphmatech

Venture Round in 2021
Graphmatech AB invents, develops and sells novel Graphene-based nanocomposites materials and services. The company’s products include aros graphene thermal grease, aros graphene polymer 3D filament, aros graphene conductive ink, and aros graphene coated polymer powder. The company was founded in 2017 and is based in Västerås, Sweden.

Codian Robotics

Acquisition in 2020
Codian Robotics specializes in the development and manufacturing of delta robots designed for various industrial applications, including agriculture, electronics, packaging, and pharmaceuticals. The company provides flexible, low-maintenance robots that feature open mechanics, allowing them to integrate seamlessly with any machine control platform. This adaptability enables the robots to perform tasks with high speed and precision, significantly reducing downtime and operational costs. By offering tailored solutions, Codian Robotics allows its customers, including machine builders and robot integrators, to concentrate on their core business of developing and selling applications, while benefiting from advanced automation technology that enhances efficiency and cost-effectiveness.

Enervalis

Series A in 2020
Enervalis develops software that provides sustainable energy solutions for electric vehicles, buildings, and microgrids. The platform monitors available energy sources and users, and can predict future demand and supply of energy through ]weather forecasting, input from users, AI, and big data. Using this information it then distributes the energy to meet the needs of users.

Natron Energy

Series D in 2020
Natron Energy, Inc. is an energy storage company based in Santa Clara, California, specializing in the development of sodium ion battery technologies for industrial applications. Founded in 2012, the company designs batteries that feature high power, long cycle life, and affordability, utilizing a unique Prussian blue chemistry. Natron Energy's products are suitable for various stationary applications, including uninterruptible power supplies, lift trucks, renewable energy smoothing, smart grids, and regulatory compliance. Additionally, the company operates a software-defined power platform that enhances its energy storage solutions, making them adaptable for critical backup power systems and electric vehicle fast charging, among other uses. Previously known as Alveo Energy, Natron Energy rebranded in March 2017 to better reflect its focus on innovative energy storage solutions.

Atom Power

Series B in 2020
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, that specializes in intelligent electrical infrastructure solutions for the commercial power industry. Founded in 2014, the company produces a range of products designed to manage electricity flow and enhance safety. Its offerings include the Atom Switch, a circuit breaker that safeguards against electrical surges; the Atom Panel, a distribution panel that organizes electrical distribution; and Atom OS, a software platform that allows for comprehensive control and customization of electrical systems. Through its innovative technology, Atom Power aims to improve the efficiency and safety of electrical management in commercial and industrial settings.

FreeWire

Series B in 2020
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers based in San Leandro, California. Established in 2014, the company specializes in smart battery systems that provide mobile and distributed power solutions. Its product line includes the Mobi Charger v0, capable of charging at speeds of up to 5kW, the Mobi Charger v1, which offers charging as a service with attendant support, and the Mobi Charger v2, a semi-autonomous unit that provides dual level 2 and single level 3 charging options. FreeWire's systems deliver clean and quiet power on-site, effectively replacing or supplementing diesel generators for various remote power applications. By offering flexible and easily deployable charging solutions, FreeWire enables its customers to electrify operations previously reliant on fossil fuels while avoiding the complexity and costs associated with traditional infrastructure upgrades. The company is supported by venture capital and partnerships with global corporations.

Hailo

Series B in 2020
Hailo Ai, based in Tel Aviv, Israel, specializes in developing deep learning processors for edge devices. Founded in 2017, the company offers products such as the Hailo-8 microprocessor and Hailo SDK, which empower devices to perform complex computations locally rather than relying on remote data centers. This innovation facilitates real-time processing while minimizing power consumption, size, and costs. Hailo's technology serves a variety of markets, including vehicles, drones, and smart home appliances, enabling these devices to handle deep learning applications efficiently. With a focus on advancing artificial intelligence capabilities at the edge, Hailo aims to transform how intelligent devices operate, leveraging a novel approach to computer architecture that enhances the performance of deep neural networks.

Cylon Controls

Acquisition in 2020
Cylon Controls Limited specializes in the design and manufacture of building energy management systems (BEMS). The company offers a range of products aimed at optimizing energy usage in various types of buildings, including the Cylon Active Energy SaaS for real-time energy monitoring and the Cylon Energy Solution, a cloud-based tool for energy measurement and optimization. Their offerings also include the Cylon Active Energy Manager, which integrates with existing systems, and the Voya Xplor, a cloud-based platform providing energy reports and alerts. In addition, Cylon produces a variety of HVAC controls and communication devices, as well as energy training services. The company serves a diverse clientele, including commercial offices, retail centers, educational institutions, industrial buildings, and healthcare facilities across Europe, North America, Asia, the Middle East, and Africa. Founded in 1985 and headquartered in Dublin, Ireland, Cylon Controls operates as a subsidiary of ABB Ltd.

In-Charge Energy

Series A in 2020
In-Charge Energy, Inc. provides consulting services to private and public commercial fleets, electric vehicle original equipment manufacturers (OEMs), ride-share operators, municipalities, and commercial and residential facilities owners. It offers turnkey commercial Electric Vehicle (EV) infrastructure solutions as a service that provides comprehensive scalable e-fleet solution. In-Charge Energy, Inc. was incorporated in 2018 and is based in Irvine, California.

Numocity

Seed Round in 2020
Numocity is a company with business focus at the intersection of Automobile, Energy and Digital Technologies for Electric Mobility. We offer middleware platform for providing "Energy as a Service" with with fixed EV chargers or Battery swappable solutions. Our platform helps Oil marketing companies, Power Utility companies, Fleets and auto OEMS to build , operate and monetise services for Electric Mobility.

IMSystems

Convertible Note in 2019
IMSystems introduces the new standard in high-performance gearbox technology: the Archimedes Drive. We have finally been able to get rid of the gear teeth and beat the traction drive paradox. This enables us to deliver precisely the right force at precisely the right place using our patented Flexroller technology. The Archimedes Drive is available in ratios up to 10,000:1 - almost 100 times it's nearest competition. We can deliver high torque in a fraction of the volume of other speed reducer technologies, and do it with precision approaching 1 arc-second. Simply put, our drive technology is lighter, stronger, more efficient, more scalable and lower cost than any competing drive technology. Our goal is nothing less than to cause a revolution in the robotics industry.

Chargedot

Acquisition in 2019
Chargedot is a Chinese e-mobility solution provider. The company supplies AC and DC charging stations, as well as the necessary software platform to a range of customers that includes EV manufacturers.

Kespry

Series D in 2019
Kespry Inc. specializes in touchless drone-based aerial intelligence solutions, enabling industries to capture, analyze, and share critical insights about their operations. The company offers the Kespry Drone System, an automated unmanned aerial vehicle (UAV) that autonomously collects aerial data and uploads it to the Kespry Cloud, an intelligence platform that simplifies reporting and transforms data into actionable insights. Kespry serves a diverse range of industries, including mining, construction, insurance, and pulp and paper, with customers spanning North America, Europe, and Australia. Founded in 2013 and headquartered in Menlo Park, California, Kespry provides a fully integrated solution that combines drone data capture with industry-specific analytics to help organizations optimize their operations.

Automata

Series A in 2019
Automata is a deep-tech company that creates products that empower people to automate physical work. The company's product, Eva, is a lightweight and affordable robot arm built for professionals in a production line, in a lab, a home workshop or even in a classroom. People don't need to be technical experts to communicate with robots. The web-based software platform can be programmed by anyone, anywhere, any time, from any device, making it easy to reconfigure for a wide range of different tasks. Automata was founded on 2015 and is headquartered in London, England.

Graphmatech

Seed Round in 2018
Graphmatech AB invents, develops and sells novel Graphene-based nanocomposites materials and services. The company’s products include aros graphene thermal grease, aros graphene polymer 3D filament, aros graphene conductive ink, and aros graphene coated polymer powder. The company was founded in 2017 and is based in Västerås, Sweden.

MineSense Technologies

Series D in 2018
MineSense Technologies is a developer of a data analytics platform intended to monitor and improve the productivity and recovery of mines. The company's platform provides businesses with real-time, sensor-based sorting of low-grade ore to a level of sensitivity and to identify differences in mineralogy, enabling the mining industry to sort ores easily and enhance mineral planning. MineSense Technologies was founded in 2008 and is headquartered in Vancouver, Canada.

Stellapps

Series B in 2018
Stellapps designs dairy management software applications that leverage the power of technology to improve dairy supply chain parameters. The company's applications leverage the Internet of Things (IoT), big data, cloud, mobility and data analytics to improve agri-supply chain parameters, including milk production, milk procurement, cold chain animal insurance and farmer payments, enabling dairy farms, dairy farmers and cooperatives to maximize profits while minimizing effort.

Element Analytics

Series A in 2018
Element Analytics creates industrial analytics software that empowers organizations to achieve new levels of operational performance. The Element Platform helps industrial organizations easily and rapidly use industrial time-series data for actionable insight. The platform readies time-series data, enriches it with analytically relevant context, and instills trust. It also blends time-series and other operational data with unprecedented high fidelity. With data ready, the platform enables machine-learning modeling to surface reliability, productivity, and sustainability insights for operations.

Vion Technology

Series B in 2017
Beijing Vion Technology Co., Inc. develops and manufactures artificial intelligence based image recognition hardware products, including video cameras, control and detection terminals, and flow statistic instrument for transportation, industrial, and security applications. The company was founded in 2005 and is based in Beijing, China.

Kespry

Series C in 2017
Kespry Inc. specializes in touchless drone-based aerial intelligence solutions, enabling industries to capture, analyze, and share critical insights about their operations. The company offers the Kespry Drone System, an automated unmanned aerial vehicle (UAV) that autonomously collects aerial data and uploads it to the Kespry Cloud, an intelligence platform that simplifies reporting and transforms data into actionable insights. Kespry serves a diverse range of industries, including mining, construction, insurance, and pulp and paper, with customers spanning North America, Europe, and Australia. Founded in 2013 and headquartered in Menlo Park, California, Kespry provides a fully integrated solution that combines drone data capture with industry-specific analytics to help organizations optimize their operations.

Atom Power

Series A in 2017
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, that specializes in intelligent electrical infrastructure solutions for the commercial power industry. Founded in 2014, the company produces a range of products designed to manage electricity flow and enhance safety. Its offerings include the Atom Switch, a circuit breaker that safeguards against electrical surges; the Atom Panel, a distribution panel that organizes electrical distribution; and Atom OS, a software platform that allows for comprehensive control and customization of electrical systems. Through its innovative technology, Atom Power aims to improve the efficiency and safety of electrical management in commercial and industrial settings.

Everactive

Venture Round in 2017
Everactive's custom ultra-low-power chips enable completely battery-less wireless sensors that form the foundation of end-to-end IoT data services. The company technology allows for low cost, long-lived, and intelligent instrumentation of industrial operations. Its end-to-end solutions are built upon innovative advances in ultra-low-power circuit design and wireless communication that enable the company to power its Eversensors exclusively from harvested energy. The company also creates networking and cloud software to provide a service focused on providing customers with valuable insights from generated and self-sustaining data streams. The company was founded on 2012 and is based in Santa Clara, California.

GE Industrial Solutions

Acquisition in 2017
A GE heritage business, Industrial Solutions' story starts 130 years ago with GE's founder, Thomas Edison. Today, Industrial Solutions' engineers and employees embody his entrepreneurial spirit to create innovative, end-to-end product and service solutions. They enable customers in more than 60 countries, across various industries, to overcome their electrical distribution and power challenges.

CMR Surgical

Series A in 2017
CMR Surgical is to make minimal access surgery available to all. With Versius they have delivered a next-generation tool to fit seamlessly into today’s operating rooms, working in harmony with the surgeon to improve patient outcomes and deliver value for healthcare providers.

Generac Grid Services

Series B in 2017
Generac Grid Services, formerly known as ENBALA Power Networks Inc., operates a sophisticated energy-balancing platform that utilizes its proprietary Concerto software. This platform captures and aggregates customer loads, energy storage, and renewable energy sources, forming a network of controlled energy resources. By optimizing and dispatching these resources, Generac Grid Services addresses the real-time demands of the power system, providing solutions for utilities, energy service providers, grid operators, and energy consumers. The company, established in 2003 and based in North Vancouver, Canada, specializes in smart grid technology, ancillary services, and energy management, emphasizing a flexible approach to creating controllable and dispatchable energy resources.

KEYMILE - Business

Acquisition in 2017
KEYMILE provide professional support when it comes to mission-critical networks. And it offer a wide portfolio to assist our customers actively in migrating from traditional technology to IP.

Bonsai

Series A in 2017
Bonsai offers an AI platform that empowers enterprises to build and deploy intelligent systems. By completely automating the management of complex machine learning libraries and algorithms, Bonsai enables enterprises to program AI models that improve system control and enhance real-time decision support. Businesses use these models today to increase automation and improve operational efficiency of industrial systems including robotics, manufacturing, supply chain, logistics, energy and utilities. Based in Berkeley, CA, Bonsai is backed by leading investors including NEA, Microsoft Ventures, ABB, Samsung NEXT and Siemens.

Enervalis

Venture Round in 2017
Enervalis develops software that provides sustainable energy solutions for electric vehicles, buildings, and microgrids. The platform monitors available energy sources and users, and can predict future demand and supply of energy through ]weather forecasting, input from users, AI, and big data. Using this information it then distributes the energy to meet the needs of users.

B&R Industrial Automation

Acquisition in 2017
The pioneering spirit of company founders Erwin Bernecker and Josef Rainer – and their vision of contributing something exceptional to the automation industry – sparked a fire that continues to shape their company to this day. Keen foresight and entrepreneurial courage helped B&R rise quickly into the ranks of top global players in industrial automation. An intuitive sense of market dynamics and emerging trends has established us as a pioneer, leading the way with the most innovative technology on the market. Looking forward, they aim to further strengthen their position globally and continue their impressive record of sustained growth.

Generac Grid Services

Series B in 2017
Generac Grid Services, formerly known as ENBALA Power Networks Inc., operates a sophisticated energy-balancing platform that utilizes its proprietary Concerto software. This platform captures and aggregates customer loads, energy storage, and renewable energy sources, forming a network of controlled energy resources. By optimizing and dispatching these resources, Generac Grid Services addresses the real-time demands of the power system, providing solutions for utilities, energy service providers, grid operators, and energy consumers. The company, established in 2003 and based in North Vancouver, Canada, specializes in smart grid technology, ancillary services, and energy management, emphasizing a flexible approach to creating controllable and dispatchable energy resources.

nub3d, s.l.

Acquisition in 2017
nub3d, s.l. is a Barcelona-based company established in 1999 that specializes in developing, producing, and distributing optical measurement systems primarily utilizing white light technology. Its products cater to various sectors, including automotive, energy, academia, healthcare, shipbuilding, architectural restoration, and cultural institutions. Key offerings include three-dimensional digitizing systems such as TripleArt for quality control and rapid prototyping, SIDIOPro for product development needs, and TRIPLE v2.1 software for managing sensor data and point clouds. Additional products include LVIS software for cultural organizations and a range of services encompassing digitizing, reproduction, scientific documentation, and training. nub3d, s.l. markets its solutions through distributors across several countries, including China, the United States, and Turkey.

Atom Power

Series A in 2017
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, that specializes in intelligent electrical infrastructure solutions for the commercial power industry. Founded in 2014, the company produces a range of products designed to manage electricity flow and enhance safety. Its offerings include the Atom Switch, a circuit breaker that safeguards against electrical surges; the Atom Panel, a distribution panel that organizes electrical distribution; and Atom OS, a software platform that allows for comprehensive control and customization of electrical systems. Through its innovative technology, Atom Power aims to improve the efficiency and safety of electrical management in commercial and industrial settings.

PointGrab

Series B in 2016
PointGrab Ltd. develops machine learning technology software solutions for optical IoT devices for home and building automation systems. It offers PointSwitch, an optical module that leverages machine learning algorithms to convert visual signals to real-life analytics. The company’s PointSwitch also provides occupancy sensing, ambient light sensing, and occupants’ behavior analytics for home and building automation. PointGrab Ltd. was founded in 2008 and is based in Hod Hasharon, Israel.

CMR Surgical

Series A in 2016
CMR Surgical is to make minimal access surgery available to all. With Versius they have delivered a next-generation tool to fit seamlessly into today’s operating rooms, working in harmony with the surgeon to improve patient outcomes and deliver value for healthcare providers.

SVIA

Acquisition in 2016
SVIA’s mission is to help manufacturing industries to produce more efficient by deliver superior standardized automation solutions.

Automata

Seed Round in 2016
Automata is a deep-tech company that creates products that empower people to automate physical work. The company's product, Eva, is a lightweight and affordable robot arm built for professionals in a production line, in a lab, a home workshop or even in a classroom. People don't need to be technical experts to communicate with robots. The web-based software platform can be programmed by anyone, anywhere, any time, from any device, making it easy to reconfigure for a wide range of different tasks. Automata was founded on 2015 and is headquartered in London, England.

Soft Robotics

Series A in 2015
Soft Robotics Inc., founded in 2012 and based in Bedford, Massachusetts, specializes in designing, manufacturing, and marketing robotic grippers and control systems. These advanced tools enable the manipulation of items with varying sizes, shapes, and weights, making them suitable for diverse applications in packaging, supply chain, and industrial settings. The company's innovative soft robotic technology, protected by over 40 patents, addresses the challenges of automation by offering high adaptability and reducing system complexity and costs. Their grippers are capable of handling a wide range of objects—from food products to consumer goods—without the need for tool or software changes between tasks. This versatility allows for efficient operations in industries such as food and beverage, medical devices, and e-commerce. Soft Robotics' systems are designed to integrate seamlessly with existing industrial robots and vision systems, providing solutions that enhance productivity and optimize efficiency in high SKU processing and packaging environments. The company aims to unlock the future of automation with its cutting-edge technology that combines speed, precision, and adaptability.

PointGrab

Series A in 2015
PointGrab Ltd. develops machine learning technology software solutions for optical IoT devices for home and building automation systems. It offers PointSwitch, an optical module that leverages machine learning algorithms to convert visual signals to real-life analytics. The company’s PointSwitch also provides occupancy sensing, ambient light sensing, and occupants’ behavior analytics for home and building automation. PointGrab Ltd. was founded in 2008 and is based in Hod Hasharon, Israel.

Gomtec

Acquisition in 2015
Gomtec is manufactures and markets mechatronic systems and robots.

Spirit IT

Acquisition in 2014
Spirit IT b.v. provides automation products and technical services that enable end users and system integrating partners to create metering solutions for the oil and gas industry. The company’s products include Flow-X flow computers; eXLerate, a software platform used for the automation of oil and gas measurement systems, such as custody transfer metering stations, calibration facilities, crude gathering stations, FPSO's, and tank depots; Flow-Xpert, which provides typical calculations used in custody transfer measurement; and eXLent, a Web-based software platform for the management of flow computers and measurement data.

Persimmon Technologies

Series B in 2014
Persimmon Technologies Corporation develops, manufactures, and distributes atmospheric and vacuum robotics, vacuum modules, and automation systems in the United States. The company operates as a sales representative for Nidec Sankyo Corporation's atmospheric robotic products in the United States. It serves semiconductor, data storage, LED, OLED, solar, and flat panel display equipment markets. The company was founded in 2010 and is based in Wakefield, Massachusetts. As of March 31, 2017, Persimmon Technologies Corporation operates as a subsidiary of Sumitomo Heavy Industries, Ltd.

Grabit Inc.

Series A in 2013
Grabit Inc. specializes in electroadhesion-based gripping solutions designed for robotics and material handling applications. The company's product lineup includes Stackit, an automated stacking robot that utilizes an electroadhesive gripper to handle materials like leathers and composite fibers; Meterit, a gravity-fed conveyor featuring electroadhesive film that enhances load lane management; and Conveyit, a system with an electroadhesive belt that secures items in place for automated sorting and delayering. Grabit serves a diverse clientele, including Fortune 500 companies across various sectors such as manufacturing, footwear, automotive, aerospace, electronics, and logistics. Founded in 2013 and headquartered in Sunnyvale, California, Grabit has been recognized for its innovative approach to improving productivity and operational capabilities within the manufacturing and warehouse logistics industries. The company previously filed for reorganization under Chapter 11 in December 2019.

ELBI Elektrik

Acquisition in 2013
ELBI Elektrik designs and manufactures electrical wiring accessory products for the Turkish market, and exports to Eastern Europe with its own local sales organization.

Newron System

Acquisition in 2013
Newron System develops software for building-automation solutions and sells it via high-end distributors and installers.

DynaMotive

Acquisition in 2013
DynaMotive Ltd. designs, commissions, and upgrades systems of drives, controls, and motors for industrial and marine applications. DynaMotive is committed to its goal of maintaining its position as the preferred supplier of choice for all of our delivered products, solutions and services. DynaMotive's portfolio of scalable business offerings range from full turn key project managed solutions, to system upgrades and Managed Service and Support Maintenance options. These bespoke solutions are packaged and delivered to ensure clients have the opportunity to have a single-source provider for their critical plant and business operations.

Los Gatos Research

Acquisition in 2013
Developer of laser-based instruments designed for non-destructive analyses of gases and liquids. The company's product portfolio includes industrial process monitoring and control, air quality monitoring, greenhouse gas measurements, gas analyzers and trace gas isotopic measurements, enabling clients to measure gases and liquids with precision and accuracy.

Romo Wind

Venture Round in 2013
Romo Wind is a technology-led product and service company. Their focus is on extracting the full value of wind turbines. The key technology underpinning our offering is the unique and patented iSpin technology based on the spinner anemometer technology invented by DTU Wind Energy in Denmark. Their goal is to make the iSpin technology a standard technology for the wind industry. Romo Wind is an independent company even though they are backed by industry heavyweight investors such as Vattenfall and ABB. The Swiss venture fund b-to-v and a Swiss family office complete the shareholder base together with the founders. Romo Wind is headquartered in Switzerland and has operations in Denmark, Germany and Spain.

Power-One

Acquisition in 2013
Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy (solar and wind) and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER.

Orbital Marine Power

Venture Round in 2013
Scotrenewables Tidal Power Limited (SRTP) is a renewable energy research and development business based in the Orkney Islands. Founded in 2002, Scotrenewables has become a leading tidal turbine developer, and is the longest established, indigenous and still majority locally owned tidal energy technology developer based in Scotland. SRTP have developed an innovative floating tidal energy converter known as the Scotrenewables Tidal Turbine. Nine different scale models of the device have been tested extensively over the past 10 years both offshore and in laboratory environments.

APS Technology Group

Acquisition in 2013
APS is a global supplier of vision based automation solutions that identify containers, trucks, rail equipment, and other transport assets for ports and intermodal container facilities. These systems help container terminals, port authorities and shipping lines to streamline their operations by automating manual processes within gate, vessel, rail and yard operations.

GRESIN

Acquisition in 2012
Gresin Grupo Estudios Industriales specializes in refurbishment solutions for mechanical presses.

Industrial Defender

Series B in 2012
Industrial Defender Inc. specializes in cybersecurity, compliance, and change management solutions for industrial control systems across various sectors, including electric utilities, chemical processing, transportation, water, and oil and gas. The company offers a comprehensive suite of products, such as the Automation Systems Manager, which encompasses asset management, security event management, configuration management, and compliance reporting. Additionally, it provides tools like the Network Intrusion Detection System for threat defense, Access Manager for authentication, and Compliance Manager for meeting regulatory requirements. Industrial Defender also delivers deployment, system monitoring, and backup services. With over 400 clients in 21 countries, the company is recognized as a leader in automation system management, helping organizations enhance operational reliability and reduce risks. Founded in 1996 and based in Foxborough, Massachusetts, Industrial Defender was previously known as Verano, Inc. before rebranding in 2007.

RGM - Rail vehicle power business

Acquisition in 2012
RGM - Rail vehicle power business

Tropos Networks

Acquisition in 2012
Tropos Networks is a supplier of systems used to build metro-scale Wi-Fi networks. Tropos' products enable network operators, service providers and government departments to provide ubiquitous, metro-scale, broadband, wireless data coverage for users in any locale. Tropos' solution creates a truly wireless network, free from the requirement of per node wired connectivity associated with Wi-Fi hot spot deployments using access points. Tropos' products enable larger coverage areas, decreased installation costs and decreased operational costs.

TaKaDu

Series B in 2012
TaKaDu is a leading provider of Integrated Water Network Management, enabling water utilities to improve efficiency and make smarter decisions. Using advanced statistical and mathematical algorithms, TaKaDu harnesses utility data, translating it into actionable insights and transforming the way water networks operate. The solution offers a comprehensive decision-making platform that can be integrated across the utility from the analyst monitoring the network to the executive team considering long-term strategic investments.

Thomas & Betts

Acquisition in 2012
Thomas & Betts designs, manufacturers and markets a broad line of electrical and electronic connectors and components as well as other related products for worldwide construction and original equipment manufacturer ("OEM") markets.

GreenVolts

Venture Round in 2011
According to Forbes.com article on 9/12/12 - "...a major investor abruptly withdrew financial support for the company. 'A sudden, and unexpected, change in direction from a major strategic investor has affected GreenVolts’ access to funding,' the company said Wednesday in a statement, referring to ABB, the Swiss power and automation giant. 'The impact was at the last minute and so severe that GreenVolts cannot continue normal operation and has reduced its workforce to a small team to provide customer support and engage other options, including working with potential buyers of the system, technology and IP.' " _____ GreenVolts has taken an integrated systems approach to development of complete Concentrating Photovoltaic (CPV) solutions that combines: •State-of-the-art proprietary highly concentrating optics •¢High precision, low profile, two-axis solar tracking •Intelligent power and control systems •On-board, real time, high resolution performance monitoring This unique integrated systems approach will achieve industry leading energy productivity and low overall Levelized Cost of Energy (LCOE). The high energy density of GreenVolts’ CPV system enables low cost power production that can be deployed close to load, further increasing the real value of the energy generated.

Newave Energy Holding

Acquisition in 2011
Newave Energy Holding engages in the development, manufacture, and sale of uninterruptible power supply (UPS) products.

Envitech Energy

Acquisition in 2011
Envitech Energy supplies rail electrical equipment and solutions for urban transportation applications.

Powercorp

Acquisition in 2011
Powercorp offers automation and intelligent control solutions to manage renewable energy generation in isolated grids, ensuring utility grade power quality and grid stability. This enables very high levels of wind and solar power penetration into isolated diesel powered grids, thus reducing emissions and dependency on fossil fuel.

Power Assure

Series B in 2011
Power Assure develops and delivers business automation software that reduces energy use and carbon emissions in commercial, corporate, and government data centers. The company's software platform intelligently manages data center server capacity in real time, maintaining required service levels at optimum efficiency and lowest total cost.

Trasfor

Acquisition in 2011
Trasfor is a producer of dry-type transformers and inductors for low-voltage and medium-voltage applications.

Lorentzen & Wettre

Acquisition in 2011
Lorentzen & Wettre manufactures equipment for quality control, process optimization and test instrumentation for the pulp and paper industry.

Epyon

Acquisition in 2011
Epyon provides advanced ultra-fast charging solutions for electric vehicles which are used in critical business processes such as material handling, delivery of goods and transportation of people. Their fast charging solutions based on advanced lithium-ion battery technology enable electric vehicles to run 24 hours per day with an occasional recharge in 15 minutes during mandatory lunch- or coffee brakes.

Validus DC Systems

Acquisition in 2011
Validus DC Systems is a leading provider of fully integrated Direct Current (DC) power infrastructure for datacenters and telecommunications facilities. The company's “Hybrid Power” technology combines the best attributes of Alternating Current (AC) system design and DC energy efficiency, offering scalability, reliability and modularity, all while improving energy efficiency by up to 40%. By deploying Validus' solutions, based on the global standard for DC power, customers are able to increase processing power and server densities in new and existing facilities at a lower total cost of ownership due to reduced complexity, greater uptime and reduced power and cooling costs. Validus DC Systems, LLC is headquartered in Brookfield, CT

Mincom

Acquisition in 2011
Mincom Pty Ltd is a global software and services provider with more than 30 years of experience in providing business solutions to companies in asset-intensive industries such as mining, defense, energy and public infrastructure in more than 40 countries around the world. Mincom customers are global industry leaders, including Anglo American, Kazakhmys, Norilsk Nickel, Siberian Services, Thales, Rio Tinto, BHP Billiton, Boeing, National Grid, London Underground, Xstrata Copper, Western Power, QBuild, BNSF Railway, EDF Energy, Caterpillar and Ecopetrol

Baldor Electric

Acquisition in 2011
ABB (www.abb.com) is a leading global technology company in power and automation that enables utility, industry, and transport & infrastructure customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 135,000 people.

ECOtality

Venture Round in 2011
ECOtality, Inc., together with its subsidiaries, engages in designing, manufacturing, testing, and commercializing electric vehicle (EV) charging and energy storage systems in the United States and internationally. It primary products include the Blink line of charging stations for passenger vehicle applications, such as Blink Level 2 residential and commercial chargers, and the Blink DC Fast Chargers, as well as a turnkey network operating system for EV drivers, commercial businesses, and utilities; and the Minit-Charger line of fast-charge systems for off-road industrial applications, including material handling operations and airport ground service equipment. The company also provides testing and engineering consulting services that comprise EV Micro-Climate process, a planning and consulting program for municipal planning organizations and utilities for physical charge infrastructure installations at residential, commercial, and public locations, as well as review of regulatory issues, public awareness, and marketing programs to support the various value chains associated with the EV Micro-Climate process. In addition, it offers power solutions comprising solar and battery pack manufacturing and assembly, electric charging station assembly, and repair and maintenance services; and operates Fuel Cell Store, an online marketplace for fuel cell-related products and technologies with online distribution sites in the United States, Japan, Russia, Italy, and Portugal. The company was formerly known as Alchemy Enterprises, Ltd. and changed its name to ECOtality, Inc. in November 2006. ECOtality, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.

Trilliant

Venture Round in 2010
Trilliant Holdings, Inc. engages in providing smart grid software and communications solutions. The company was founded in 1985 and is headquartered in Cary, North Carolina.

Aquamarine Power

Venture Round in 2010
Aquamarine Power is a wave energy company, with head offices in Edinburgh, Scotland and further operations in Orkney and Northern Ireland. The company is currently developing its flagship technology, an innovative hydro-electric wave energy converter, known as Oyster. Aquamarine Power’s goal is to develop commercial Oyster wave farms around the world. The first demonstration-scale Oyster has been successfully deployed at sea at the European Marine Energy Centre (EMEC) in Orkney, Scotland and was officially launched by Scotland's First Minister Alex Salmond MP, MSP in November 2009 when it began producing power to the National Grid to power homes in Orkney and beyond. Oyster's performance is now being monitored and the results from the testing will provide a basis for the design of the next-generation commercial-scale Oyster 2.

Pentalum Technologies

Series A in 2010
Pentalum develops the SpiDAR: a revolutionary, cost effective, patent pending, wind LiDAR (Light Detection And Ranging) system, for remote sensing of wind. The system targets all three main wind farm applications: Wind resource assessment, Wind farm operation optimization and Wind forecasting. Pentalum is a privately held company, funded by VCs and headed by highly experienced entrepreneurs, professionals in optics, fluid mechanics and atmospheric remote sensing. Pentalum Technologies Inc. was incorporated in 2009 and is based in Rehovot, Israel.

Power Assure

Venture Round in 2010
Power Assure develops and delivers business automation software that reduces energy use and carbon emissions in commercial, corporate, and government data centers. The company's software platform intelligently manages data center server capacity in real time, maintaining required service levels at optimum efficiency and lowest total cost.

Trilliant

Series B in 2010
Trilliant Holdings, Inc. engages in providing smart grid software and communications solutions. The company was founded in 1985 and is headquartered in Cary, North Carolina.

Ventyx

Acquisition in 2010
Ventyx, Inc. provides software, data, and advisory services to optimize the management of customers, workforce, spare parts inventory, equipment, tools, and documentation. The company offers a range of solutions in the areas of asset management, mobile workforce management, customer care, energy trading and risk management, energy operations, and energy analytics. It serves energy and utilities; communications; and chemical, and oil and gas industries. Ventyx, Inc. was formerly known as Indus International, Inc. and changed its name to Ventyx, Inc. in March 2007. The company was founded in 1997 and is based in Atlanta, Georgia. It has regional offices in Boulder, Columbus, Houston, Kansas City, Pittsburgh, Raleigh, Richmond, and Sacramento, as well as in Australia, Japan, the United Kingdom, France, Denmark, and South Africa.

Kuhlman Electric Corp.

Acquisition in 2008
Kuhlman Electric manufactures a wide range of high-quality transformers for the industrial and electric utility sectors.

Vectek Electronics

Acquisition in 2008
Vectek Electronics engages in designing, manufacturing, and marketing industrial power control equipment.

Ultryx

Series B in 2002
The company develops software for manufacturers to use in creating more collaboration with their distribution partners.

Terawave Communications

Series C in 2001
Terawave Communications, Inc. manufactures converged access and multi-service networking solutions. Its multi-service aggregation and passive optical network products provide data, voice, video, and circuit service convergence solutions. The company serves service providers, government agencies, and enterprise customers in the United States, Europe, Asia, Africa, and Latin America. Terawave Communications has locations in North America, Europe, and Asia. The company was founded in 1998 and is based in Hayward, California with additional offices in the United States of America, Canada, Asia, and Europe. As of October 25, 2007, Terawave Communications, Inc. is a subsidiary of Occam Networks Inc. (NasdaqNM:OCNW).

Surplex

Series A in 2000
Surplex GmbH is a Düsseldorf based company that is primarily focused on buying and selling used machinery.The company buys and sells used machinery and industrial plants, carries out internet auctions and offers appraisals and valuations. Surplex is one of the few dot-com start-up companies in Germany, that is still alive and profitable.