GE Ventures

GE Ventures (founded in 2013) is the venture capital subsidiary of General Electric.[1] Headquartered in Menlo Park, California the firm also has offices in Boston, Chicago, Houston, Shanghai, and Tel Aviv.[a] As of 2015, the CEO is Sue Siegel,[2] and on October 23, 2017, she was also named Chief Innovation Officer.[3] GE Ventures plans to invest up to $150 million annually in startups (or corporate collaborations) in the healthcare, energy, software, and advanced manufacturing sectors.[4]

GE Ventures
IndustryVenture capital
Founded2013; 8 years ago (2013)
HeadquartersMenlo Park, California
Key people
Sue Siegel (CEO)
Websitewww.geventures.com

The firm lists 75 companies in its portfolio,[b] including Clearpath Robotics,[5] HourlyNerd,[6] Mocana,[c] Nanosonics,[d] Enbala,[e] and Airware.[7] In March 2015, GE Ventures led a Series A investment in Evidation Health, a healthcare technology company formerly known as The Activity Exchange that is involved in data analytics.[8] In December 2016, GE Ventures launched Menlo Microsystems, Inc., a spinoff from GE's Global Research Center, which creates "digital micro switches" used in mobile communication networks.[9]

See alsoEdit

ReferencesEdit

  1. ^ Riddell, Lindsay (24 May 2013). "GE Ventures launches in Silicon Valley". San Francisco Business Journal.
  2. ^ Kolodny, Laura (5 May 2015). "GE Ventures' Sue Siegel: Accelerators Reduce Risk for Early-Stage Investors". Wall Street Journal.
  3. ^ "GE's Chief Innovation Officer Is Ready to Try Something New". Fox Business. 2018-02-27. Retrieved 2018-03-15.
  4. ^ Tremain, William (30 January 2013). "The Daily Startup: GE Consolidates Venture Investment Groups". Wall Street Journal.
  5. ^ Intelligence, B. I. "GE and Caterpillar have invested in an autonomous robot startup". Business Insider Deutschland (in German). Retrieved 2019-02-27.
  6. ^ Keohane, Dennis (4 February 2015). "HourlyNerd gets $7.8 million in new funding from powerhouse group of investors". Beta Boston. ...Highland Capital Partners led the Series B round, and was joined by GE Ventures, Greylock Partners, Intuit founder Scott Cook, the Kraft Group, and others.
  7. ^ Constantine, Josh (19 November 2014). "Airware's Drone Operating System Gets Strategic Investment, Tech, Clients From GE Ventures". TechCrunch.
  8. ^ Gagliordi, Natalie (5 March 2015). "GE Ventures backs data-driven digital health company Evidation Health". ZDNet. Retrieved 28 January 2018.
  9. ^ "Tech firm backed by GE Ventures leasing space at SUNY Poly in Albany". bizjournals.com. Retrieved 2018-03-15.

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