Bit Stew Systems
Founded Year
2005Stage
Acquired | AcquiredTotal Raised
$23.21MValuation
$0000About Bit Stew Systems
Bit Stew Systems provides MIx Core, a platform for handling data integration, data analysis, and predictive automation for connected devices on the Industrial Internet of Things (IIoT).
Bit Stew Systems Headquarter Location
7436 Fraser Park Drive Suite 205
Burnaby, British Columbia, V5J 5B9,
Canada
604-568-5999
Expert Collections containing Bit Stew Systems
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Bit Stew Systems is included in 2 Expert Collections, including Artificial Intelligence.
Artificial Intelligence
9,051 items
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
Advanced Manufacturing
3,331 items
Companies focused on the technologies to increase manufacturing productivity, ranging from automation & robotics to AR/VR to factory analytics & AI, plus many more.
Bit Stew Systems Patents
Bit Stew Systems has filed 1 patent.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
4/22/2014 | Smart grid, Data management, HVDC transmission lines, Flow meters, Computer security | Application |
Application Date | 4/22/2014 |
|---|---|
Grant Date | |
Title | |
Related Topics | Smart grid, Data management, HVDC transmission lines, Flow meters, Computer security |
Status | Application |
Latest Bit Stew Systems News
Jan 31, 2017
GE acquires AI startups Bit Stew Systems, Wise.io: Reuters November 15, 2016 By Reuters News General Electric said on Tuesday it has acquired two technology startups to build its artificial intelligence capability, a move that helps it compete with IBM‘s Watson product. GE said the acquisitions of Bit Stew Systems and Wise.io will expand its Predix platform for industrial internet applications, which connects big machines such as power plants and aircraft engines to databases and analytical software. Terms of the deals weren’t disclosed. Berkley, California-based Wise.io has advanced machine learning technology that GE sees “as really well-built for the industrial world,” Bill Ruh, chief executive officer of GE Digital, GE’s software arm, said in an interview. A branch of artificial intelligence, machine learning allows computers to adapt to new data without new programming. Bit Stew, based in Vancouver, British Columbia, is partly backed by GE’s venture capital arm. It applies machine learning to large data sets associated with utilities, aviation, oil and gas production and manufacturing, according to the company’s web site. International Business Machines Corp‘s (IBM) Watson business is among the better known artificial intelligence systems, which enable computers to perform intelligent actions such as recognizing voices and making decisions. Update: Bit Stew was launched in 2009 and is led by CEO Kevin Collins. It raised its first funding in a Yaletown Partners-led Series A round in late 2013. GE led the company’s US$17.2 million Series B financing in 2015. BitStew also closed the first tranche of a Series C round in May. The investors included Yaletown, GE, BDC Capital, Cisco Systems and Kensington Capital Partners. (This story has been edited by Kirk Falconer, editor of PE Hub Canada) (Reporting by Alwyn Scott; Editing by Muralikumar Anantharaman) Photo courtesy of Reuters/Kevin Lamarque Take your pick! Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now . VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now . Sign up to our Newsletter Receive updates from our PE HUB Wire and Top Stories of the Week newsletters: First Name:
When was Bit Stew Systems founded?
Bit Stew Systems was founded in 2005.
Where is Bit Stew Systems's headquarters?
Bit Stew Systems's headquarters is located at 7436 Fraser Park Drive, Burnaby.
What is Bit Stew Systems's latest funding round?
Bit Stew Systems's latest funding round is Acquired.
How much did Bit Stew Systems raise?
Bit Stew Systems raised a total of $23.21M.
Who are the investors of Bit Stew Systems?
Investors of Bit Stew Systems include General Electric, Yaletown Partners, GE Ventures, Kensington Capital Partners, BDC Capital and 5 more.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.