ABB

ABB, headquartered in Zurich, Switzerland, is a global leader in power and automation technologies. With operations in over 100 countries, ABB offers a wide range of products, systems, solutions, and services for various industries, including electric, gas, and water utilities, as well as industrial and commercial customers. Its portfolio spans smart grids, robotics, renewable energy, marine vessels, and motors. ABB's business-led venture capital arm, ABB Ventures, invests in breakthrough technology companies aligned with ABB's strategic goals, focusing on sectors such as robotics, industrial IoT, AI/machine learning, energy transition, and electric mobility. Since its inception in 2009, ABB Ventures has deployed around $500 million into startups, with investments typically ranging from $1 to $20 million. Additionally, ABB Product Group Solar operates as a solar inverter business, and ABB Power Systems AB manufactures high-voltage direct current transmission equipment.

Craig McDonnell

Business Line Managing Director

Mads Moeller

Head of Ventures Electrification, Group VP

Mike Mustapha

President

C P Vyas

Vice President

Past deals in Manufacturing

UptimeAI

Venture Round in 2025
UptimeAI specializes in predictive maintenance software that utilizes artificial intelligence to enhance manufacturing operations. By combining industry expertise with advanced AI algorithms, the company focuses on predicting and diagnosing potential failures in process industries. Its software identifies irregularities and early defects, allowing manufacturers to gain insights into the relationships between upstream and downstream operations. This approach enables companies to mitigate risks, eliminate unexpected issues, and improve overall efficiency in their manufacturing processes.

SensorFact

Acquisition in 2025
SensorFact B.V., founded in 2016 and based in Utrecht, the Netherlands, specializes in intelligent energy management systems for small and medium-sized enterprises in the manufacturing sector. The company provides low-cost, non-intrusive wireless sensors that measure real-time energy consumption, enabling businesses to monitor energy flows and identify savings opportunities. By translating sustainability into practical actions, SensorFact simplifies the complex concepts of energy management and sustainability for its clients. Its integrated system not only collects and analyzes data but also offers clear reporting, empowering industries to reduce their energy waste and overall footprint while lowering energy costs.

Aurora Motors

Acquisition in 2024
Aurora Motors specializes in the production and distribution of high-quality, premium electric motors, shaft mounts, and related products. With strategically located facilities across North America, the company efficiently serves both domestic and international markets. Aurora Motors' extensive product portfolio includes vertical pump motors, shaft mount reducers, and various specialized motors designed to meet diverse industry needs. The company is committed to continuous improvement, ensuring its products align with evolving market demands and industry standards. Aurora Motors prioritizes strong, personal relationships with its customers, providing responsive, efficient, and competitive solutions tailored to their specific requirements.

MOLG

Seed Round in 2024
MOLG is a company based in Virginia, USA, that specializes in developing digital and automation tools tailored for the manufacturing industry. Its primary focus is on a circular manufacturing platform that facilitates the autonomous assembly and disassembly of sustainable products. By leveraging artificial intelligence and robotics, MOLG aims to advance the concept of micro-factories, allowing businesses to enhance transparency and recover value in the circular economy. The company's innovative approach supports manufacturing processes that are both cost-effective and environmentally sustainable.

Siemens - Wiring Accessories Business

Acquisition in 2024
Siemens - Wiring Accessories Business manufactures electrical switches, sockets, and other related products.

Ndustrial

Series B in 2024
Ndustrial specializes in providing analytical engines and an industrial optimization platform tailored for mid-tier manufacturers and energy companies. Their solutions focus on enhancing production control, improving energy efficiency, and minimizing waste, which enables organizations to optimize operations and reduce costs. The company employs a proprietary industrial operating system that integrates legacy data and facilitates the deployment of new Industrial IoT assets. Additionally, Ndustrial offers real-time cloud-based applications designed for factories and industrial facilities, utilizing predictive control algorithms to support efficient resource management across various sectors.

GridBeyond

Series C in 2024
GridBeyond Limited specializes in smart grid optimization solutions that utilize artificial intelligence to support a transition to a zero-carbon future. The company's platform integrates on-site hardware, cloud-based software, and a hybrid battery and demand network, enabling the automation and control of energy demand through machine learning technology. GridBeyond serves a diverse range of sectors, including industrial, manufacturing, and logistics, by connecting distributed energy resources with electricity markets. This approach allows customers to access utility-scale renewable generation and battery storage, thus maximizing efficiency and enhancing grid performance. Founded in 2007 and headquartered in Watford, United Kingdom, GridBeyond also has offices in Dublin, Cork, and Houston.

Real Tech

Acquisition in 2024
Real Tech specializes in manufacturing advanced real time water quality monitoring and management solutions.

Viking Analytics

Series A in 2023
Viking Analytics AB, based in Gothenburg, Sweden, develops advanced software solutions tailored for the manufacturing, chemical, and process industries. Established in 2012, the company specializes in its MultiViz analytics software, which assists industrial firms in preparing, analyzing, and organizing sensor data and condition monitoring information. This tool enables users to visualize data effectively, detect patterns, and monitor machine performance with greater reliability. Since 2018, Viking Analytics has focused on enhancing the capabilities of maintenance firms, original equipment manufacturers, and system integrators by identifying machines that require attention and providing insights into the reasons for their condition. By utilizing feedback from experts, the software continuously improves its performance, reducing false alarms and eliminating the need for companies to maintain their own artificial intelligence teams. Overall, Viking Analytics contributes to process optimization and minimizes unplanned maintenance interruptions through advanced anomaly detection and predictive analytics.

Scalable Robotics

Venture Round in 2022
Scalable Robotics specializes in developing innovative human-robot interaction techniques that empower users to intuitively guide robots in performing various tasks without the need for coding or complex programming. Founded with the vision that industrial robots should be accessible to businesses of all sizes, the company addresses the challenges posed by labor shortages and the risks associated with programming robots for hazardous jobs. Its point-and-click system enables users to demonstrate their processes directly to the robot, resulting in the automatic generation of robust programming. This approach simplifies the implementation of robots in complex applications like welding, painting, and deburring, making automation more feasible and user-friendly for a wide range of industries.

ASTI Mobile Robotics

Acquisition in 2021
ASTI Mobile Robotics SA is a prominent provider of automated intralogistics solutions, specializing in the design, engineering, manufacturing, implementation, and maintenance of automated guided vehicles (AGVs). Established in 1982 and headquartered in Burgos, Spain, the company offers a diverse range of AGVs and traditional materials handling equipment, such as conveyors and handlers, to facilitate the movement of materials and products in factories and warehouses. In addition to its hardware offerings, ASTI Mobile Robotics provides automated storage systems, data storage solutions, and interfaces for enterprise software communication. The company also emphasizes support services, including financial services, engineering, simulations, custom interface development, reengineering, and maintenance. By serving industries such as automotive, food and beverage, pharmaceuticals, manufacturing, and aerospace, ASTI Mobile Robotics aims to enhance clients' competitiveness and operational efficiency.

Oxipital AI

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, founded in 2017 and based in Västerås, Sweden, specializes in the invention, development, and sale of innovative graphene-based nanocomposite materials. The company offers a range of products, including aros graphene thermal grease, aros graphene polymer 3D filament, aros graphene conductive ink, and aros graphene coated polymer powder. Graphmatech's materials leverage the exceptional electrical and thermal properties of graphene, providing high conductivity, lightweight characteristics, and enhanced durability. These attributes enable industries to create advanced products, contributing to the green transition by promoting the efficient use of materials. The company’s focus includes applications in the hydrogen economy and improved 3D printing technologies, offering solutions that utilize less material while achieving superior performance compared to traditional alternatives.

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.

Cylon Controls

Acquisition in 2020
Cylon Controls Limited, founded in 1985 and based in Dublin, Ireland, specializes in designing and manufacturing building energy management systems (BEMS). The company offers a suite of products, including the Cylon Active Energy SaaS, which provides real-time monitoring of energy usage, and the Cylon Energy Solution, a cloud-based tool for energy optimization. Its Cylon Active Energy Manager is compatible with various building types and existing metering solutions. Additionally, Cylon provides a native BACnet model for seamless integration of building control systems and the Voya Xplor tool, which allows users to access energy reports and alerts. The company’s offerings also include HVAC controls, main plant controllers, and energy training services, catering to a diverse clientele that includes commercial offices, schools, industrial buildings, and hospitals across Europe, North America, Asia, the Middle East, and Africa.

MTEK

Venture Round in 2020
MTEK Industry AB, founded in 2002 and based in Alfta, Sweden, specializes in developing and deploying software and solutions for real-time intelligent and collaborative production within the small parts assembly sector. The company offers the MTEK MBrain Software Suite, which digitizes and virtualizes production flows across factory lines by correlating production and machine data. MTEK's no-code digital production systems are designed for discrete manufacturers worldwide, providing modular, scalable, and rapidly deployable solutions. These systems enhance operational flexibility and control while delivering superior time to value and total cost of ownership for clients.

IMSystems

Convertible Note in 2019
IMSystems focuses on advancing gearbox technology with its innovative Archimedes Drive, which eliminates traditional gear teeth to overcome the traction drive paradox. This patented technology utilizes Flexroller mechanics, allowing for high torque delivery in a compact design, achieving ratios up to 10,000:1. The Archimedes Drive combines the reliability of planetary drives with the precision of friction transmission, enabling industrial robots to achieve consistent and reliable torque transfer without compromising asset durability. By offering a lighter, stronger, and more efficient alternative to conventional speed reducer technologies, IMSystems aims to revolutionize the robotics industry, enhancing production speeds and operational precision.

Graphmatech

Seed Round in 2018
Graphmatech AB, founded in 2017 and based in Västerås, Sweden, specializes in the invention, development, and sale of innovative graphene-based nanocomposite materials. The company offers a range of products, including aros graphene thermal grease, aros graphene polymer 3D filament, aros graphene conductive ink, and aros graphene coated polymer powder. Graphmatech's materials leverage the exceptional electrical and thermal properties of graphene, providing high conductivity, lightweight characteristics, and enhanced durability. These attributes enable industries to create advanced products, contributing to the green transition by promoting the efficient use of materials. The company’s focus includes applications in the hydrogen economy and improved 3D printing technologies, offering solutions that utilize less material while achieving superior performance compared to traditional alternatives.

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.

NUB3D, S.L.

Acquisition in 2017
NUB3D, s.l. specializes in the development, production, and distribution of optical measurement systems utilizing white light technology. The company provides a range of products including three-dimensional digitizing systems, such as TripleArt, which is designed for quality control, reverse engineering, and rapid prototyping. NUB3D also offers SIDIOPro, a sensor tailored for small and medium enterprises in product development cycles, along with TRIPLE v2.1 software for managing sensor data and point clouds. Additional offerings include software solutions for museums and cultural organizations, as well as services for digitizing, reproduction, scientific documentation, and training. NUB3D distributes its products through a network of distributors across several countries, including China, Taiwan, the United States, India, Thailand, and Turkey. Established in 1999 and headquartered in Barcelona, Spain, NUB3D operates as a subsidiary of ABB Ltd.

SVIA

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

Oxipital AI

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.

Persimmon Technologies

Series B in 2014
Persimmon Technologies Corporation, based in Wakefield, Massachusetts, develops, manufactures, and distributes advanced atmospheric and vacuum robotics, along with automation systems, primarily for the semiconductor, data storage, LED, OLED, solar, and flat panel display equipment markets. Founded in 2010, the company serves as a sales representative for Nidec Sankyo Corporation's atmospheric robotic products in the United States. With a focus on innovation, Persimmon Technologies offers vacuum robotics that provide distinct advantages through superior mechanical design, control technology, and advanced software. As of March 2017, it operates as a subsidiary of Sumitomo Heavy Industries, Ltd.

Grabit

Series A in 2013
Grabit, Inc. specializes in electroadhesion-based gripping solutions for robotics and material handling applications. Founded in 2013 and headquartered in Sunnyvale, California, the company offers innovative products designed to enhance efficiency in various industries, including manufacturing, footwear, automotive, aerospace, and logistics. Notable products include Stackit, an auto-layering robot that utilizes electroadhesive grippers for stacking materials; Meterit, a gravity-fed conveyor system equipped with an electroadhesive film for intelligent load management; and Conveyit, which employs an electroadhesive belt to securely hold items for sorting and delayering. Grabit serves a diverse clientele, including several Fortune 500 companies, and aims to improve productivity while minimizing power consumption through its advanced technology. In December 2019, Grabit filed for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

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.

DynaMotive

Acquisition in 2013
DynaMotive Ltd. specializes in the design, commissioning, and upgrading of drive systems, controls, and motors for various sectors, including industrial and marine applications. The company offers a range of engineering services that encompass full turnkey project management solutions, system upgrades, and ongoing managed service and support maintenance options. DynaMotive aims to be the preferred supplier for its clients by providing bespoke solutions tailored to their specific needs. This approach allows clients to benefit from a single-source provider for their essential plant and business operations, ensuring reliability and efficiency in their systems.

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.

Gresin Grupo Estudios Industriales

Acquisition in 2012
Gresin Grupo Estudios Industriales is a company that specializes in refurbishment solutions for mechanical presses and the manufacturing of press equipment. The firm focuses on press automation refurbishments and technology enhancements, providing a range of services that include designing sub-assemblies, retrofitting existing machinery, and creating custom machines and benches tailored to specific customer needs. Through its expertise, Gresin aims to enhance the efficiency and performance of press systems across various industrial applications.

Thomas & Betts

Acquisition in 2012
Thomas & Betts is a designer and manufacturer of a wide range of electrical and electronic connectors and components, serving global construction and original equipment manufacturer (OEM) markets. Headquartered in Memphis, Tennessee, the company operates across three primary segments: Electrical, Steel Structures, and Heating, Ventilation, and Air-Conditioning (HVAC). Its products are marketed directly to OEMs, utilities, and end-users, as well as through various distribution channels, including mass merchandisers and home improvement centers. The company's diverse portfolio caters to industrial, construction, retail, utility, and communications sectors, emphasizing quality and innovation in its offerings.

Lorentzen & Wettre

Acquisition in 2011
Lorentzen & Wettre specializes in the manufacturing and supply of equipment designed for quality control, measurement, and process automation in the pulp and paper industry. The company provides a range of products, including automated fiber and pulp analysis devices, consistency transmitters, moisture sensors, and laboratory testing instruments for paper. Additionally, Lorentzen & Wettre offers automated paper testing systems and industry-specific services, catering to the needs of paper mills and enhancing their operational efficiency.

Baldor Electric

Acquisition in 2011
Baldor Electric, a division of ABB, specializes in the manufacturing of mechanical power-transmission equipment. The company offers a range of products including industrial electric motors, mechanical power transmission products, drives, and generators. By focusing on power and automation solutions, Baldor Electric serves various sectors such as utilities, industries, and transportation, helping customers enhance their operational efficiency while reducing environmental impact. With a strong commitment to innovation and quality, Baldor Electric plays a significant role in the global market for electric power solutions.

Kuhlman Electric Corp.

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

Ultryx

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

Surplex

Series A in 2000
Surplex GmbH is an e-commerce company based in Düsseldorf, Germany, that specializes in the digital auction of used machinery and production plants for various industries, including metalworking, woodworking, and plastics processing. Founded in 1999, the company offers a wide range of equipment, including blow hammers, articulated robots, air pad machines, floor-type boring mills, roll grinding machines, trimming presses, honing machines, tandem press brakes, die casting machines, and many others. Surplex focuses on providing a platform for the sale and auction of these machines, facilitating transactions for businesses looking to buy or sell used industrial equipment across Europe.
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