TPG Growth Invests in C3 IoT and its Internet of Things Platform
TPG leads $70 million Series D equity financing to accelerate growth
REDWOOD CITY, Calif., FORT WORTH, Texas, and SAN FRANCISCO — TPG Growth announced it has invested in C3 IoT, reinforcing its position in the Internet of Things (IoT) market. According to the company, C3 IoT applies the sciences of big data, advanced analytics, and machine learning to enable smart business processes.
The C3 IoT Platform is a development environment that allows rapid design, development, and deployment of enterprise-scale big data and IoT applications. The platform aggregates and integrates large volumes of disparate data — from sensors on equipment and machinery; enterprise operational systems such as financial transactional systems and enterprise resource planning (ERP) systems; and third-party sources such as weather data — and delivers machine learning-based predictive analytics to improve operational efficiencies, enhance customer engagement, and differentiate products and services.