Digital Tech and industrial IoT Startups Raise $2.3bn in H1 2018

This article first appeared on the BNEF mobile app and the Bloomberg Terminal.

    • $434m raised by industrial cybersecurity in June
    • Investors include Microsoft, BP Ventures, Samsung NEXT

 

June 2018 saw $668 million invested by the venture capital and private equity community into industrial digital technologies. This is almost triple what was raised in April or May, and was driven by significant raises in industrial cybersecurity companies Cylance, Cyberbit, Crowdstrike, Claroty, Intsights, and Xain. Industrial IoT companies like Devo, EastLinkin and Rigado also raised money in June. There were five acquisitions, with AI, 3D printing, cybersecurity and IoT connectivity all featuring. Investors this month were often strategic, like Microsoft, Invenergy Future Fund, BASF Ventures, Samsung NEXT, Envision Ventures, Dell Technologies Capital, and BP Ventures.

BNEF clients can see the full report, “Technology Radar: The AI Edition, July 2018″, on the Terminal or on web.

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