Artificial intelligence and IoT software platform company C3 IoT has raised $100 million in a new round of financing. Existing investors TPG Growth, Breyer Capital, Sutter Hill, and Pat House participated in the funding, along with TPG Growth (Rise Fund). C3 IoT founder, chairman, and chief executive Thomas Siebel also invested in the round.

The capital will be deployed to increase service and distribution capacity globally, said Mr. Siebel in a statement.

[Image courtesy: C3 IoT]