GE_Ventures
GE Ventures
Venture capital subsidiary of General Electric
GE Ventures (founded in 2013) is the venture capital subsidiary of General Electric.[1] Headquartered in Menlo Park, California the firm also has offices in Boston, Chicago, Houston, Shanghai, and Tel Aviv. As of 2015, the CEO is Sue Siegel,[2] and on October 23, 2017, she was also named chief innovation officer.[3] GE Ventures plans to invest up to $150 million annually in startups (or corporate collaborations) in the healthcare, energy, software, and advanced manufacturing sectors.[4]
The firm lists 75 companies in its portfolio,[lower-alpha 1] including Clearpath Robotics,[5] HourlyNerd,[6] Mocana,[lower-alpha 2] Nanosonics,[lower-alpha 3] Enbala,[lower-alpha 4] and Airware.[7] In March 2015, GE Ventures led a Series A investment in Evidation Health, a healthcare technology company formerly known as The Activity Exchange that is involved in data analytics.[8] In December 2016, GE Ventures launched Menlo Microsystems, Inc., a spinoff from GE's Global Research Center, which creates "digital micro switches" used in mobile communication networks.[9]