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Software billionaire gets $70m investment boost for his IOT firm

Computer Business Review

A software development platform firm set up by Thomas Siebel, the software entrepreneur who sold his business to Larry Ellison’s Oracle for $5.4bn, was given a $70m investment boost.

TPG Growth, a $7 billion middle market and growth equity investment platform said it invested in C3 IoT, which is building an IOT platform for machine to machine data application development.

C3 IoT applies big data, advanced analytics, and machine learning to create competitive advantage.