C3 IoT banks $100M in new funding

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      C3 IoT, an AI and IoT software platform for digital transformation last week raised $100M in new funding. The company, formerly known as C3 Energy, previously raised $70M in Sep 2016 followed by a Series E round in Feb, 2017 that valued the company at $1.4B. Its total funding has reached $223 million since it was launched in 2009.

      C3 IoT Product Platform

      C3 IoT’s latest investment came from the founder Tom Siebel and Pat House, Tom’s co-founder at Siebel Systems. Existing backers TPG Growth, Breyer Capital and Sutter Hill Ventures also participated in the round.

      C3 IoT’s core product is a platform as a service (PaaS) for rapidly developing and operating big data, predictive analytics, AI/machine learning, and IoT software as a service (SaaS) and apps. The company also offers configurable and extensible applications on top of its platform

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