Palo Alto – March 13, 2017 – Cooley advised internet of things platform C3 IoT on its Series E financing, which was led by Breyer Capital and included TPG, Sutter Hill, Wildcat Venture Partners, Pat House and Thomas Siebel. The round was raised at a $1.4 billion pre-money valuation.
The funds will be used to expand C3 IoT’s product footprint and customer service capacity globally, according to a press release issued by the company.
C3 IoT applies the sciences of big data, cloud computing and machine learning to enable a new generation of predictive analytics applications. The C3 IoT platform is a cohesive development environment for enterprise-scale big data, predictive analytics, AI and IoT applications. The platform enables the integration and analysis of unprecedented volumes of disparate data – including telemetry from industrial and commercial devices, enterprise operational systems and extraprise data such as weather, traffic and social media – into a unified cloud-based data image to deliver predictive insights that improve operational efficiencies, enhance customer engagement and differentiate products and services.
Cooley incorporated C3 IoT in 2009 and has since advised the company on a range of matters, including patent counseling and prosecution, trademark, M&A, litigation and private financings.
About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.
Cooley has 900 lawyers across 12 offices in the United States, China and Europe.