Industrial data repository Element has now received $40m in total, Evonik, Schneider Electric Ventures, Honeywell and ABB having backed its latest round.
US-based industrial data hub developer Element completed an $18m series B round featuring consumer product manufacturer Honeywell, chemicals producer Evonik and power and automation technology providers ABB and Schneider Electric yesterday.
Activate Capital and Forte Ventures co-led the round, which included Kerogen Capital’s Kerogen Digital Solutions (KDS) vehicle, High Tide Foundation, Kleiner Perkins’ Green Growth Fund, Ajax Strategies and Blue Bear Capital.
The corporates participated in the round through Evonik Venture Capital, Schneider Electric Ventures, Honeywell Ventures and ABB Technology…
