Bit Stew Systems Raises $17.2M in Series B Funding

Funding Rounds

▤ Summary

Bit Stew Systems, a Vancouver, CA-based provider of Software Defined Operations platform for the Industrial Internet, raised an additional $17.2m in Series B funding round.The round was led by GE Ventures with participation from existing investors Cisco Investments and Yaletown Venture Partners, and new investors BDC Capital and others.The company intends to use the funds to continue to expand operations.Led by Kevin Collins, CEO, Bit Stew Systems provides a (MIx Core™) platform which automates data ingestion, applies machine intelligence to learn patterns in the data, allowing industrial companies to discover actionable insights that optimize operational performance.The company, which employs more than 80 people, is currently expanding operations in the San Francisco Bay Area.

$ Funding

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Amount $17.2M Total raised
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Date May 12, 2015 Announcement date
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Investors GE Ventures, Cisco, Yaletown Venture Partners Inc Lead investors
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Company http://www.bitstew.com Funded company

▥ Classifications

industries
HealthTech
applications
ERP & Process Management

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▦ Linked Companies

Meridium
$50M to $100M