The round, co-led by GE Ventures, included Robert Bosch and Yokogawa Electric and was closed as FogHorn Systems converted $2.5m of seed funding to equity.

GE Ventures, the corporate venturing arm of industrial product maker General Electric, co-led a $12m series A round for US-based internet-of-things (IoT) software developer FogHorn Systems yesterday.

The round was co-led with venture capital firm March Capital Partners and included Robert Bosch Venture Capital, the strategic investment vehicle for industrial product manufacturer Robert Bosch, as well as industrial technology provider Yokogawa Electric and Darling Ventures.

FogHorn also converted $2.5m of seed funding supplied by March Capital and startup studio The…