C3 IoT closes Series E round at $1.4 billion valuation

Enterprise platform company C3 IoT has raised a Series E financing round at a $1.4 billion pre-money valuation. The investment was led by Breyer Capital, with participation from TPG, Sutter Hill, Wildcat Venture Partners, Pat House, and Thomas Siebel.

C3 IoT says the funds will be use to expand its product footprint and customer service capacity globally. The amount of the financing was not disclosed. Previously, the company closed a $70 million Series D equity financing round led by TPG Growth in September last year.

C3 IoT has more than 20 industrial-scale deployments with more than 100 million connected IoT sensors, according to a statement released by the company.

[Image courtesy: C3 IoT]

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