The industrial internet technology company raised $17.2m in a series B round backed by General Electric and Cisco's corporate venturing units.
Canada-based industrial internet technology provider Bit Stew Systems raised $17.2m today in a series B round led by GE Ventures, industrial conglomerate General Electric’s corporate venturing unit.
Cisco Investments, the investment arm of networking technology supplier Cisco, venture capital firm Yaletown Venture Partners and BDC Capital, a subsidiary of Business Development Bank of Canada, also took part in the round.
Founded in 2009, Bit Stew’s data automation technology uses machine intelligence to learn patterns in data that help industrial companies…
