Software billionaire gets m investment boost for his IOT firm

A software development platform firm set up by Thomas Siebel, the software entrepreneur who sold his business to Larry Ellison’s Oracle for $5.4bn, was given a $70m investment boost. TPG Growth, a $7 billion middle market and growth equity investment platform said it invested in C3 IoT, which is building an IOT platform for machine to machine data application development. C3 IoT applies big data, advanced analytics, and machine learning to create competitive advantage. It has built the C3 IoT development platform to IT teams can design, develop, and deploy enterprise-scale big data and IoT applications.It is targeting both the industrial and home markets and tracks sensor data on industrial and commercial devices such as home automation systems, production lines, aerospace equipment, and machinery; enterprise operational systems such as financial…


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