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Corporate Venture
abb.com/ventures

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Investments

63

Portfolio Exits

10

Partners & Customers

7

About ABB Technology Ventures

ABB Technology Ventures, or ATV, is the corporate venture capital (CVC) arm of the ABB Group, one of the world's largest engineering companies.ATV is focused on discovering tomorrow's energy solutions and to accelerate the growth of ABB's global power and automation businesses. ATV's investment team is comprised of ABB veterans as well as individuals with backgrounds in traditional venture capital investing. ATV is a legally independent investment entity and maintains a global presence with offices in Silicon Valley, Washington, D.C., and Zurich, Switzerland, where it is headquartered. As opposed to investing LP capital, however, ATV leverages ABB's balance sheet and historically investments have ranged from $1-$20 million. Most often ATV's investment is not the first institutional money. Ideal targets have solid intellectual property and product or service prototypes in place. ATV typically seeks out minority preferred equity ownership positions and often take board seats. The group's stated investment pace is 4-6 new companies per year with approximately half of those located in North America.

ABB Technology Ventures Headquarters Location

Zurich,

Switzerland

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Latest ABB Technology Ventures News

ABB Partners With Samotics To Expand Its Condition Monitoring Services

Sep 23, 2022

ABB and Samotics enter a strategic partnership to extend ABB’s asset health monitoring services to harsh and submersible environments ABB to acquire 10 percent stake in Samotics, leading provider of electrical signature analysis (ESA) technology for motor-driven industrial equipment Joint ambition is to reach next level of condition monitoring by co-developing advanced digital service solutions focused on energy efficiency and operational resilience ABB and Samotics, a leading provider of ESA technology that is a high-growth scaleup company based in the Netherlands, have entered a strategic long-term partnership to provide enhanced condition monitoring services. The approach will leverage each company’s capabilities to deliver more insight into machine health and energy efficiency. As a first step, ABB will integrate Samotics’ plug-and-play monitoring solution into its digital portfolio. The financial terms of the agreement were not disclosed. Samotics’ technology is complementary to the well-established ABB Ability™ Condition Monitoring service for powertrains, a sensor-based solution that analyzes the health and performance of rotating equipment. Samotics’ SAM4 technology, based on electrical signature analysis (ESA), will expand ABB’s application of asset health monitoring of motor-driven industrial equipment as it does not rely on mounting sensors in the field. This means that SAM4 can be deployed on machines in harsh and submerged environments. Adrian Guggisberg, President of ABB Motion Services said: “Our strategy is to build an ecosystem with leading service providers who can contribute to our customers’ overall success. With Samotics, we share the ambition to co-develop digital services that will offer even greater insight across a wider range of applications to help our customers taking better decisions. The partnership will also create even more value from digital service solutions to grow our annual recurring revenues.” Jasper Hoogeweegen, CEO of Samotics said: “Entering into a strategic partnership with ABB will open doors with potential customers around the world and help us scale our business. At the same time, we share a mindset and commitment to help solve reliability and energy efficiency challenges.” Ultimately, developing a system that uses both datasets will provide industrial operators with a more detailed view of asset health so that they can make better decisions to optimize maintenance, boost reliability and reduce downtime. Samotics has established SAM4 as a robust and scalable system. It is already being implemented across the wastewater and water, steel, and chemical sectors and has established a fast-growing base with thousands of assets monitored. ABB plans to roll out Samotics’ technology to customers before the end of 2022 as part of its growing service portfolio for rotating equipment. About Samotics Samotics is a leading provider of real-time actionable insights to optimize performance and energy efficiency of AC motors and rotating equipment. An expert team of data scientists, software developers and technical specialists has developed an AI-driven platform that supports global industrial companies in reducing energy waste and unplanned downtime. For more information, visit www.samotics.com About Abb ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com About Abb Technology Ventures ABB Technology Ventures (ATV) is the venture capital unit of ABB (NYSE: ABB). ATV looks for breakthrough technology companies aligned with ABB’s goal to write the future of industrial digitalization. Since its formation in 2009, ATV has deployed around $300 million into startups spanning a range of sectors including robotics, industrial IoT, AI/machine learning, energy transition, cybersecurity, electric mobility, smart buildings and distributed energy. For more information, visit //www.abb.com/ventures Source: ABB

ABB Technology Ventures Investments

63 Investments

ABB Technology Ventures has made 63 investments. Their latest investment was in Mavenoid as part of their Series B on August 8, 2022.

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ABB Technology Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/30/2022

Series B

Mavenoid

$30M

Yes

3

7/28/2022

Series C

Yunkuaichong

Yes

2

4/27/2022

Series C

Cassia Networks

Yes

1

2/22/2022

Series B

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$99M

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10

11/18/2021

Series A

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$99M

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10

Date

8/30/2022

7/28/2022

4/27/2022

2/22/2022

11/18/2021

Round

Series B

Series C

Series C

Series B

Series A

Company

Mavenoid

Yunkuaichong

Cassia Networks

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Amount

$30M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

2

1

10

10

ABB Technology Ventures Portfolio Exits

10 Portfolio Exits

ABB Technology Ventures has 10 portfolio exits. Their latest portfolio exit was Numocity on May 26, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/26/2022

Corporate Majority

$99M

2

4/23/2022

Acquired

$99M

7

1/27/2022

Corporate Majority

$99M

5

8/23/2021

Acquired

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$99M

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10

4/26/2021

Corporate Majority

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$99M

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10

Date

5/26/2022

4/23/2022

1/27/2022

8/23/2021

4/26/2021

Exit

Corporate Majority

Acquired

Corporate Majority

Acquired

Corporate Majority

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

7

5

10

10

ABB Technology Ventures Partners & Customers

7 Partners and customers

ABB Technology Ventures has 7 strategic partners and customers. ABB Technology Ventures recently partnered with WestRock on March 3, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

3/16/2020

Client

United States

Press release | Westerville, Ohio, USA |. ABB to upgrade paper machine drives, motors and electrical control systems at WestRock mill in Washington, USA

`` ABB was chosen for this project based on the customer 's positive experience with our drives systems at its Longview mill and other WestRock sites , '' said Steve St. Jarre , Head of Business Development , Pulp and Paper , Process Industries , ABB .

1

4/23/2019

Partner

Japan

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10

4/12/2019

Partner

Germany

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10

5/31/2018

Partner

India

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10

2/21/2018

Client

Sweden

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10

Date

3/16/2020

4/23/2019

4/12/2019

5/31/2018

2/21/2018

Type

Client

Partner

Partner

Partner

Client

Business Partner

Country

United States

Japan

Germany

India

Sweden

News Snippet

Press release | Westerville, Ohio, USA |. ABB to upgrade paper machine drives, motors and electrical control systems at WestRock mill in Washington, USA

`` ABB was chosen for this project based on the customer 's positive experience with our drives systems at its Longview mill and other WestRock sites , '' said Steve St. Jarre , Head of Business Development , Pulp and Paper , Process Industries , ABB .

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Sources

1

10

10

10

10

ABB Technology Ventures Team

4 Team Members

ABB Technology Ventures has 4 team members, including former President, Girish Nadkarni.

Name

Work History

Title

Status

Girish Nadkarni

President

Former

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Name

Girish Nadkarni

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Work History

Title

President

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Status

Former

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