ABB

ABB is a global leader in power and automation technologies, offering a diverse range of products and services aimed at enhancing efficiency and sustainability across various industries. The company specializes in areas such as electrification, robotics, and industrial automation, serving electric, gas, and water utilities, as well as commercial and industrial customers. ABB operates through multiple divisions, including Power Products, Power Systems, Discrete Automation and Motion, Low Voltage Products, and Process Automation. Its innovations encompass high-voltage direct current transmission equipment, solar inverters, and wireless technologies for critical industrial applications. Furthermore, ABB Technology Ventures, the corporate venture capital arm of the company, invests in emerging technologies across sectors like renewable energy and cybersecurity, fostering advancements in industrial digitalization. With a presence in approximately 100 countries, ABB is strategically positioned to contribute to a more sustainable and resource-efficient future.

Franziska Bossart

Investor

Marcus Gieraths

Group Vice President, M&A

Craig McDonnell

Business Line Managing Director

Mads Moeller

Head of Ventures Electrification, Group VP

Mike Mustapha

President

Sridhar Tyagavalli

CFO

Morten Wierod

CEO

Chao Wu

Principal at ABB Technology Ventures

92 past transactions

BrainBox AI

Venture Round in 2023
BrainBox AI Inc. is a Montreal-based company that specializes in developing artificial intelligence solutions for building automation, particularly focusing on optimizing heating, ventilation, and air conditioning (HVAC) systems. Founded in 2017, the company has created an AI-driven automapping tool that identifies HVAC control points and utilizes generated data to offer predictive maintenance modules. These modules assist building operators with fault detection diagnostics, thereby enhancing energy efficiency. By employing self-adaptive AI, deep learning, and cloud-based computing, BrainBox AI aims to proactively optimize energy consumption in buildings, leading to significant cost savings for clients while also contributing to reduced carbon emissions. The team consists of experts in AI, data science, real estate, HVAC, and energy efficiency, positioning the company as a leader in the green building revolution.

Morrow Batteries

Venture Round in 2022
Morrow Batteries is focused on developing and manufacturing cost-effective and sustainable battery cells to support the green energy transition. The company specializes in industrialized graphene-enhanced lithium-sulfur batteries, which offer improved performance and a reduced environmental footprint compared to traditional battery technologies. By prioritizing sustainability in its production processes, Morrow Batteries aims to provide clients with innovative solutions that meet the growing demand for environmentally friendly energy storage options.

ChargeLab

Series A in 2022
ChargeLab Inc. is a Toronto-based company founded in 2015 that specializes in electronic vehicle charging solutions. It develops a hardware-agnostic platform that enhances the functionality of various electric vehicle chargers, making them smarter and easier to use. ChargeLab's software enables clients to operate and optimize their charging equipment, offering a comprehensive service that includes hardware, software, and installation. The company serves a diverse clientele, including government entities, multinational real estate investment trusts, parking operators, and property managers, facilitating the deployment and management of extensive charging networks. By connecting and monetizing charging stations, ChargeLab aims to streamline the EV 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 various markets, including home automation, entertainment, and health and safety. Founded in 2014 and based in San Jose, California, with operations in Beijing, the company offers a range of products such as the Cassia Hub Bluetooth router, smart plugs, multi-color Bluetooth LED devices, personal safety sensors, and Bluetooth speakers. The Cassia Hub, notable for being the first Bluetooth router capable of controlling up to 22 devices over long distances, received recognition at CES 2016. Cassia Networks also provides software development kits (SDKs) for developers and vendors, along with support services, distributing its products through online retailers. The company focuses on enhancing Bluetooth technology for local area networks and aims to address connectivity and management challenges in the Internet of Things (IoT) space.

Automata

Series B in 2022
Automata is a deep-tech company based in London, England, that focuses on making robotic automation accessible and straightforward for various sectors, including manufacturing, education, and research. Founded in 2015, the company has developed Eva, a lightweight and affordable robotic arm designed for professionals. This versatile tool can be utilized in production lines, laboratories, home workshops, or classrooms. Automata's web-based software platform allows users, regardless of their technical expertise, to program the robot easily and reconfigure it for different tasks from any device, at any time. The company's mission is to empower individuals and organizations with the ability to automate physical work, enhancing efficiency and productivity.

SevenSense

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. is a Montreal-based company that specializes in developing artificial intelligence solutions for building automation, particularly focusing on optimizing heating, ventilation, and air conditioning (HVAC) systems. Founded in 2017, the company has created an AI-driven automapping tool that identifies HVAC control points and utilizes generated data to offer predictive maintenance modules. These modules assist building operators with fault detection diagnostics, thereby enhancing energy efficiency. By employing self-adaptive AI, deep learning, and cloud-based computing, BrainBox AI aims to proactively optimize energy consumption in buildings, leading to significant cost savings for clients while also contributing to reduced carbon emissions. The team consists of experts in AI, data science, real estate, HVAC, and energy efficiency, positioning the company as a leader in the green building revolution.

Stellapps

Series C in 2021
Stellapps Technologies Private Limited is an Internet of Things (IoT) company based in Bengaluru, India, focused on enhancing the dairy supply chain. Founded in 2011, Stellapps develops a range of innovative software applications designed to optimize dairy management. Key products include SmartMoo, an automated cow-milking application aimed at reducing waste, and MooOn, a wearable device for monitoring cattle health and herd management. The company also offers smartAMCU, an automatic milk collection unit controlled via an Android IoT device, and smartCC, a cloud-based solution for managing milk chilling centers. Stellapps provides consultancy services in fodder planning, milk collection, distribution, and marketing, utilizing advanced technologies such as big data, cloud computing, and data analytics. By leveraging these technologies, Stellapps aims to improve operational efficiency and profitability for dairy farmers and cooperatives.

To-U

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

Stellapps

Series C in 2021
Stellapps Technologies Private Limited is an Internet of Things (IoT) company based in Bengaluru, India, focused on enhancing the dairy supply chain. Founded in 2011, Stellapps develops a range of innovative software applications designed to optimize dairy management. Key products include SmartMoo, an automated cow-milking application aimed at reducing waste, and MooOn, a wearable device for monitoring cattle health and herd management. The company also offers smartAMCU, an automatic milk collection unit controlled via an Android IoT device, and smartCC, a cloud-based solution for managing milk chilling centers. Stellapps provides consultancy services in fodder planning, milk collection, distribution, and marketing, utilizing advanced technologies such as big data, cloud computing, and data analytics. By leveraging these technologies, Stellapps aims to improve operational efficiency and profitability for dairy farmers and cooperatives.

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 is a Swedish materials technology company founded in 2017 and based in Västerås, Sweden. The company specializes in inventing, developing, and selling innovative graphene-based nanocomposite materials and services. Its product range includes aros graphene thermal grease, aros graphene polymer 3D filament, aros graphene conductive ink, and aros graphene coated polymer powder. Graphmatech's materials leverage the unique electrical and thermal properties of graphene, offering advantages such as high conductivity, self-lubrication, lightweight design, and enhanced wear resistance. These characteristics enable various industries to create advanced products utilizing graphene hybrid materials.

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 SA/NV specializes in developing Software-as-a-Service (SaaS) solutions and hardware that promote sustainable energy practices for electric vehicles, buildings, and microgrids. Their flagship product, the Smartpower Suite, facilitates the optimization of energy supply, storage, and demand flexibility for electricity producers, distributors, and consumers, enabling them to enhance energy efficiency and generate cost savings. The platform integrates user profiles, energy demands, and predictability of usage patterns with renewable energy sources and charging infrastructure, effectively managing energy flows. Enervalis' solutions also enhance the energy consumption efficiency of buildings by leveraging locally produced green energy and enable local energy trading, which fosters independence from public grids and reduces infrastructure maintenance costs. Founded in 2013 and headquartered in Houthalen-Helchteren, Belgium, Enervalis operates additional offices in Frankfurt, Germany, and Austin, Texas, serving municipalities and businesses in the electric vehicle, construction, and utility sectors both domestically and internationally.

Natron Energy

Series D in 2020
Natron Energy, Inc. is an energy storage company specializing in the development of sodium-ion batteries designed for industrial applications. Founded in 2012 and based in Santa Clara, California, the company focuses on delivering high power, long cycle life, and cost-effective battery solutions. Its products utilize a unique Prussian blue chemistry, making them suitable for a range of applications, including uninterruptible power supplies, lift trucks, renewable energy smoothing, smart grids, and electric vehicle fast charging. Natron Energy aims to provide efficient energy storage systems that can be economically produced using readily available materials and existing manufacturing processes, thus enhancing the performance and lifespan of batteries while maintaining low operating costs.

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 is an Israel-based company specializing in the development of deep learning processors for edge devices, founded in 2017 and headquartered in Tel Aviv. Its flagship product, the Hailo-8, along with its software development kit, enables devices to perform complex deep learning tasks such as object detection and image enhancement independently, without relying on remote processing. By delivering data center-level performance in a compact, energy-efficient form, Hailo's technology empowers a range of applications across various sectors, including automotive, security, and smart home appliances. The company's innovative approach to computer architecture facilitates real-time processing while minimizing power consumption and cost, thereby enhancing the capabilities of intelligent devices in the modern digital landscape.

Cylon Controls

Acquisition in 2020
Cylon Controls Limited specializes in designing and manufacturing building energy management systems (BEMS) aimed at enhancing energy efficiency for various types of buildings. Founded in 1985 and based in Dublin, Ireland, the company offers a range of products, including the Cylon Active Energy SaaS product, which provides real-time energy monitoring, and the Cylon Energy Solution, a cloud-based tool for energy measurement and optimization. Additionally, Cylon Active Energy Manager is designed to work with existing BEMS or metering solutions. The company's offerings also include a suite of controllers and tools for HVAC and lighting management, along with energy training services. Cylon serves a diverse clientele, including commercial offices, retail centers, educational institutions, healthcare facilities, and hotels across Europe, North America, Asia, the Middle East, and Africa. Cylon Controls operates as a subsidiary of ABB Ltd.

InCharge 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 specializing in vehicle-charging technology. The company supplies both AC and DC charging stations, along with a comprehensive software platform designed for electric vehicle (EV) manufacturers and other clients. ChargeDot's smart charging stations can be operated through a secure smartphone application, enhancing the charging experience for consumers. By focusing on innovative solutions in the electric mobility sector, ChargeDot aims to facilitate the growth of electric vehicle infrastructure and support the transition to sustainable transportation.

Everactive

Series B in 2019
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.

Kespry

Series D in 2019
Kespry Inc. specializes in touchless drone-based aerial intelligence solutions designed for various industrial applications. The company offers the Kespry Drone System, an automated unmanned aerial vehicle that autonomously collects aerial data and uploads it to the Kespry Cloud, an intelligence platform that simplifies reporting and converts data into actionable insights. Kespry's solutions are utilized across multiple sectors, including mining, construction, insurance, and pulp and paper, enabling organizations to measure stockpiles, survey sites, and inspect assets with greater efficiency. Founded in 2013 and headquartered in Menlo Park, California, Kespry serves clients globally, including notable companies such as John Deere and Fluor. Its integrated approach combines data capture with industry-specific analytics to enhance operational accuracy and decision-making processes.

Automata

Series A in 2019
Automata is a deep-tech company based in London, England, that focuses on making robotic automation accessible and straightforward for various sectors, including manufacturing, education, and research. Founded in 2015, the company has developed Eva, a lightweight and affordable robotic arm designed for professionals. This versatile tool can be utilized in production lines, laboratories, home workshops, or classrooms. Automata's web-based software platform allows users, regardless of their technical expertise, to program the robot easily and reconfigure it for different tasks from any device, at any time. The company's mission is to empower individuals and organizations with the ability to automate physical work, enhancing efficiency and productivity.

Graphmatech

Seed Round in 2018
Graphmatech AB is a Swedish materials technology company founded in 2017 and based in Västerås, Sweden. The company specializes in inventing, developing, and selling innovative graphene-based nanocomposite materials and services. Its product range includes aros graphene thermal grease, aros graphene polymer 3D filament, aros graphene conductive ink, and aros graphene coated polymer powder. Graphmatech's materials leverage the unique electrical and thermal properties of graphene, offering advantages such as high conductivity, self-lubrication, lightweight design, and enhanced wear resistance. These characteristics enable various industries to create advanced products utilizing graphene hybrid materials.

MineSense

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 Technologies Private Limited is an Internet of Things (IoT) company based in Bengaluru, India, focused on enhancing the dairy supply chain. Founded in 2011, Stellapps develops a range of innovative software applications designed to optimize dairy management. Key products include SmartMoo, an automated cow-milking application aimed at reducing waste, and MooOn, a wearable device for monitoring cattle health and herd management. The company also offers smartAMCU, an automatic milk collection unit controlled via an Android IoT device, and smartCC, a cloud-based solution for managing milk chilling centers. Stellapps provides consultancy services in fodder planning, milk collection, distribution, and marketing, utilizing advanced technologies such as big data, cloud computing, and data analytics. By leveraging these technologies, Stellapps aims to improve operational efficiency and profitability for dairy farmers and cooperatives.

Element Analytics

Series A in 2018
Element Analytics, Inc. is a developer of industrial analytics software that transforms raw data into actionable insights for organizations. The company offers two main products: Element AssetHub and Element Unify. Element AssetHub integrates operational historian data with existing industrial systems, effectively managing the complexity and volume of real-time industrial data. Element Unify aligns information technology and operational technology by contextualizing industrial IoT data. The platform enables data and operations teams to automate data preparation, allowing for proactive decision-making and insights. Element Analytics' solutions focus on data standardization, contextualization, and assurance of data trust, as well as providing descriptive, diagnostic, and predictive analytics. The company, which was incorporated in 2014 and rebranded from Servature, Inc. in 2015, is based in San Francisco, California.

Vion Technology

Series B in 2017
Beijing Vion Technology Co., Inc. is a Chinese firm that specializes in artificial intelligence and machine vision, established in 2005 and headquartered in Beijing. The company develops and manufactures advanced image recognition hardware, including smart cameras and intelligent video analysis terminals, aimed at sectors such as smart cities, transportation, and security. Vion Technology's products facilitate automatic identification of traffic violations, license plate recognition, and people counting, making them valuable tools for traffic bureaus and commercial applications. Among its innovations is a compact smart camera designed for counting individuals and monitoring demographic data. By leveraging its proprietary AI algorithms and high-performance hardware, Vion Technology provides tailored solutions to enhance operational efficiency in various industries, including government and retail.

Kespry

Series C in 2017
Kespry Inc. specializes in touchless drone-based aerial intelligence solutions designed for various industrial applications. The company offers the Kespry Drone System, an automated unmanned aerial vehicle that autonomously collects aerial data and uploads it to the Kespry Cloud, an intelligence platform that simplifies reporting and converts data into actionable insights. Kespry's solutions are utilized across multiple sectors, including mining, construction, insurance, and pulp and paper, enabling organizations to measure stockpiles, survey sites, and inspect assets with greater efficiency. Founded in 2013 and headquartered in Menlo Park, California, Kespry serves clients globally, including notable companies such as John Deere and Fluor. Its integrated approach combines data capture with industry-specific analytics to enhance operational accuracy and decision-making processes.

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
GE Industrial Solutions, rooted in a legacy that dates back 130 years to founder Thomas Edison, specializes in designing and manufacturing electrical circuits for a diverse range of industries, including commercial, healthcare, mining, and telecommunications. The company offers a comprehensive array of products such as automatic transfer switches, power systems, surge protective devices, switch gears, relays, terminal blocks, motor controls, circuit breakers, and transformers. In addition to its product offerings, GE Industrial Solutions provides essential services such as defective parts repair, emergency repairs, project management, and on-site management, ensuring that customers in over 60 countries can effectively address their electrical distribution and power challenges. The commitment of its engineers and employees to innovation and customer support continues to drive the company forward.

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 SA/NV specializes in developing Software-as-a-Service (SaaS) solutions and hardware that promote sustainable energy practices for electric vehicles, buildings, and microgrids. Their flagship product, the Smartpower Suite, facilitates the optimization of energy supply, storage, and demand flexibility for electricity producers, distributors, and consumers, enabling them to enhance energy efficiency and generate cost savings. The platform integrates user profiles, energy demands, and predictability of usage patterns with renewable energy sources and charging infrastructure, effectively managing energy flows. Enervalis' solutions also enhance the energy consumption efficiency of buildings by leveraging locally produced green energy and enable local energy trading, which fosters independence from public grids and reduces infrastructure maintenance costs. Founded in 2013 and headquartered in Houthalen-Helchteren, Belgium, Enervalis operates additional offices in Frankfurt, Germany, and Austin, Texas, serving municipalities and businesses in the electric vehicle, construction, and utility sectors both domestically and internationally.

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

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.

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. specializes in machine learning technology for optical IoT devices designed for home and building automation. Founded in 2008 and based in Hod Hasharon, Israel, the company offers solutions such as PointSwitch, an optical module that transforms visual signals into actionable analytics. This technology provides essential features like occupancy sensing, ambient light detection, and behavioral analytics, enabling businesses to optimize real estate management, enhance efficiency, and reduce costs while ensuring employee privacy and welfare. PointGrab is recognized as a leader in the commercial real estate sector, integrating its optical sensors with connected systems for lighting, HVAC, safety, security, and access control, thereby delivering comprehensive insights into occupant usage within buildings.

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 based in London, England, that focuses on making robotic automation accessible and straightforward for various sectors, including manufacturing, education, and research. Founded in 2015, the company has developed Eva, a lightweight and affordable robotic arm designed for professionals. This versatile tool can be utilized in production lines, laboratories, home workshops, or classrooms. Automata's web-based software platform allows users, regardless of their technical expertise, to program the robot easily and reconfigure it for different tasks from any device, at any time. The company's mission is to empower individuals and organizations with the ability to automate physical work, enhancing efficiency and productivity.

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. specializes in machine learning technology for optical IoT devices designed for home and building automation. Founded in 2008 and based in Hod Hasharon, Israel, the company offers solutions such as PointSwitch, an optical module that transforms visual signals into actionable analytics. This technology provides essential features like occupancy sensing, ambient light detection, and behavioral analytics, enabling businesses to optimize real estate management, enhance efficiency, and reduce costs while ensuring employee privacy and welfare. PointGrab is recognized as a leader in the commercial real estate sector, integrating its optical sensors with connected systems for lighting, HVAC, safety, security, and access control, thereby delivering comprehensive insights into occupant usage within buildings.

Gomtec

Acquisition in 2015
Gomtec specializes in the development, manufacturing, and marketing of mechatronic systems and robots. The company integrates various engineering disciplines, including mechanical, electrical, telecommunications, control, and computer engineering, to create innovative solutions. By combining these technologies, Gomtec aims to address diverse applications in automation and robotics, enhancing efficiency and performance across multiple sectors.

Spirit IT

Acquisition in 2014
Spirit IT b.v. specializes in providing automation products and technical services tailored for the oil and gas industry. The company develops and sells a range of solutions, including flow computers and software platforms designed for automating oil and gas measurement systems. Their key offerings include Flow-X flow computers, eXLerate for automating custody transfer metering stations and calibration facilities, Flow-Xpert for essential custody transfer calculations, and eXLent, a web-based platform for managing flow computers and measurement data. Spirit IT's solutions support various applications, including well-pad automation, transportation, and custody transfer, enabling end users and system integrators to efficiently create and manage metering solutions.

Persimmon Technologies

Series B in 2014
Persimmon Technologies Corporation is a technology company based in Wakefield, Massachusetts, specializing in the development, manufacturing, and distribution of atmospheric and vacuum robotics, vacuum modules, and automation systems. Founded in 2010, the company serves key markets including semiconductor, data storage, LED, OLED, solar, and flat panel display equipment. Persimmon Technologies is recognized for its advanced vacuum robotics technology, which features superior mechanical design, control systems, and software capabilities compared to existing solutions. The company also acts as a sales representative for Nidec Sankyo Corporation's atmospheric robotic products in the United States and operates as a subsidiary of Sumitomo Heavy Industries, Ltd.

Grabit Inc.

Series A in 2013
Grabit, Inc. specializes in electroadhesion-based gripping technology, offering innovative solutions for robotics and material handling across various industries. The company’s products include Stackit, an automated robot for stacking materials like leathers and composites; Meterit, a gravity-fed conveyor enhanced with electroadhesive film; and Conveyit, an electroadhesive belt system designed for automated sorting and delayering. Grabit serves a diverse clientele, including Fortune 500 companies in sectors such as manufacturing, automotive, aerospace, and logistics. Founded in 2011 and based in Sunnyvale, California, Grabit was established by a principal inventor of electroadhesion technology, which is known for its low power consumption and high efficiency. However, on December 18, 2019, the company 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.

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. specializes in engineering design and services, focusing on the installation and upgrading of drive systems, controls, and motors for various sectors, including industrial and marine applications. The company provides a range of solutions, from turnkey project management to system upgrades and ongoing maintenance support. DynaMotive aims to be the preferred supplier for its clients by offering bespoke solutions that allow customers to rely on a single-source provider for their critical operational needs. Its commitment to quality and service positions DynaMotive as a key player in ensuring the efficiency and effectiveness of complex systems across multiple industries.

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 AG specializes in enhancing wind turbine performance through innovative products and services. Founded in 2011 and headquartered in Zug, Switzerland, with additional offices in Denmark, Germany, and Spain, the company offers the iSpin technology, which includes iSpin1 and iSpin2. These products are designed to detect and correct yaw misalignments in wind turbines, thereby optimizing energy output. The iSpin1 addresses static misalignments, while the iSpin2 targets dynamic adjustments. ROMO Wind also provides comprehensive wind farm optimization and yaw and pitch correction services, aiming to maximize the operational efficiency and profitability of wind farm owners. The company's technology is based on a patented spinner anemometer developed by DTU Wind Energy in Denmark, and it seeks to establish iSpin as a standard in the wind industry. ROMO Wind is supported by notable investors, including Vattenfall and ABB, along with a Swiss venture fund and family office.

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 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.

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 designs and supplies technology for building extensive wireless broadband networks suitable for various applications, including smart grid and outdoor industrial use. Their products allow network operators, service providers, and government entities to establish reliable metro-scale Wi-Fi networks without the need for wired connections at each node, significantly reducing installation and operational costs. The company's MetroMesh OS enhances network performance through features such as predictive wireless routing, adaptive mesh connectivity, and self-organizing capabilities. This innovative approach provides users with broad and efficient wireless data coverage in diverse environments, making Tropos a key player in the development of scalable and secure wireless infrastructure.

TaKaDu

Series B in 2012
TaKaDu Ltd. is a global software provider specializing in integrated event management solutions for the water industry. Founded in 2009 and based in Yehud, Israel, the company offers a cloud-based platform that helps water utilities detect, analyze, and manage various network events, including leaks, bursts, and operational failures. By utilizing advanced statistical and mathematical algorithms, TaKaDu transforms utility data into actionable insights, supporting improved decision-making for both operational and strategic purposes. Its solution encompasses multiple modules, including event management, data analytics, and reporting, enabling utilities to enhance efficiency and reduce non-revenue water while gaining comprehensive visibility across their operations.

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 specializes in automation and intelligent control solutions aimed at optimizing renewable energy generation in isolated grids. The company focuses on integrating renewable energy sources, such as wind and solar, into diesel-powered grids to enhance power quality and stability while reducing emissions and dependence on fossil fuels. Its technologies manage the balance between energy generation and consumption, enabling utility-grade power quality. Additionally, Powercorp provides systems that dynamically store and release energy to address frequency and voltage fluctuations, ensuring the stability of small or remote grids. Through its innovative applications, Powercorp contributes to more sustainable energy management in isolated environments.

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 provider of software and services specializing in enterprise asset management and resource management for asset-intensive industries, including mining, defense, energy, and public infrastructure. With over 30 years of experience, the company delivers tailored business solutions to clients in more than 40 countries. Mincom's customer base features prominent industry leaders such as Anglo American, Thales, and BHP Billiton, reflecting its expertise and commitment to enhancing operational efficiency in demanding sectors.

Baldor Electric

Acquisition in 2011
Baldor Electric is a manufacturer specializing in mechanical power transmission equipment and industrial electric motors. The company offers a range of products, including electric motors, mechanical power transmission solutions, drives, and generators. As part of a larger global technology group, Baldor Electric plays a significant role in enhancing performance across various industries while also focusing on reducing environmental impact. Its diverse product lineup serves utility, industry, and transportation sectors, contributing to improved operational efficiency for its customers.

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. is a provider of smart grid software and communications solutions, headquartered in Cary, North Carolina. Founded in 1985, the company specializes in delivering intelligent networks that facilitate the transition to Smart Grid technologies. Trilliant offers a comprehensive suite of hardware, software, and services, which serve as the foundational infrastructure for advanced metering, demand response, and grid management. The company also provides installation, program management, and meter revenue cycle services, catering to the diverse needs of utility companies. With over 100 utility customers, including notable names such as Duke Energy and Hydro Quebec, Trilliant delivers flexible solutions that range from complete metering and network systems to hybrid outsourcing models. The company remains privately owned and is recognized as a leader in the energy sector.

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

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. is a provider of smart grid software and communications solutions, headquartered in Cary, North Carolina. Founded in 1985, the company specializes in delivering intelligent networks that facilitate the transition to Smart Grid technologies. Trilliant offers a comprehensive suite of hardware, software, and services, which serve as the foundational infrastructure for advanced metering, demand response, and grid management. The company also provides installation, program management, and meter revenue cycle services, catering to the diverse needs of utility companies. With over 100 utility customers, including notable names such as Duke Energy and Hydro Quebec, Trilliant delivers flexible solutions that range from complete metering and network systems to hybrid outsourcing models. The company remains privately owned and is recognized as a leader in the energy sector.

Ventyx

Acquisition in 2010
Ventyx, Inc. is a provider of software, data, and advisory services aimed at optimizing the management of customers, workforce, spare parts inventory, equipment, tools, and documentation. The company specializes in solutions for asset management, mobile workforce management, customer care, energy trading and risk management, energy operations, and energy analytics. Its services cater primarily to energy and utilities, communications, and the chemical and oil and gas industries. Established in 1997 and headquartered in Atlanta, Georgia, Ventyx has expanded its presence with regional offices across the United States and internationally in countries such as Australia, Japan, the United Kingdom, France, Denmark, and South Africa. Formerly known as Indus International, Inc., the company rebranded itself in March 2007 to better reflect its focus on service delivery management for asset-intensive organizations.

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. is a manufacturer of converged access and multi-service networking solutions, specializing in multi-service aggregation and passive optical network (PON) products. These offerings facilitate the convergence of data, voice, video, and circuit services, catering to a diverse clientele that includes service providers, government agencies, and enterprise customers across the globe, including the United States, Europe, Asia, Africa, and Latin America. Founded in 1998 and headquartered in Hayward, California, Terawave also maintains additional offices in Canada, Asia, and Europe, enhancing its operational reach. The company is a subsidiary of Occam Networks Inc.

Surplex

Series A in 2000
Surplex GmbH, founded in 1999 and based in Düsseldorf, Germany, specializes in the buying and selling of used machinery and industrial plants, particularly for the metal, woodworking, and synthetic materials industries in Europe. The company conducts internet auctions and provides appraisals and valuations of equipment. Surplex offers a diverse range of machinery, including counter blow hammers, articulated robots, boring mills, CNC machines, injection molding machines, and various production plants. As one of the few surviving dot-com start-ups in Germany, Surplex has established itself as a profitable player in the digital auction market for used machinery.
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