The engineering and industrial technology provider plans to invest in up to six companies a year through its newly formed corporate venture capital unit.
Emerson, a US-headquartered producer of manufacturing automation technology, has launched a $100m corporate venturing vehicle called Emerson Ventures, with the capital to be invested over the next five years.
Founded in 1890, Emerson provides industrial automation technology in addition to environmental monitoring software, and the newly formed unit will target developers of automation and environmental sustainability technology as well as industrial software.
Emerson Ventures will be tasked with investing in four to six early-stage companies a year. It is headed…
