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Investments

13

Portfolio Exits

2

Funds

1

About Technology Investments

The firm invests in seed stage companies in Northern California. It typically invests USD 0.05M to 0.25M at the inception of a company. The focus is on the information technology industry.

Technology Investments Headquarter Location

P.O. Box 704

Los Altos, California, 94023,

United States

(650)917-4100

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Research containing Technology Investments

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CB Insights Intelligence Analysts have mentioned Technology Investments in 4 CB Insights research briefs, most recently on Mar 17, 2021.

Latest Technology Investments News

IDC's 3rd Platform Industry Spending Guides Provide In-Depth Sub-Industry Forecasts for Technology Investments Across Nine Industries

Sep 24, 2021

September 24, 2021 08:30 AM Eastern Daylight Time NEEDHAM, Mass.--( BUSINESS WIRE )--International Data Corporation ( IDC ) recently published a series of 3rd Platform Industry Spending Guides that provide in-depth forecasts for technology spending. The guides cover nine industries – banking, government, healthcare, insurance, manufacturing, oil and gas, retail, securities and investment services, and utilities – with detailed spending projections for 3rd Platform technologies (mobility, cloud, big data and analytics (BDA), and social) and Innovation Accelerators (artificial intelligence (AI), augmented reality/virtual reality (AR/VR), 3D printing, Internet of Things (IoT), security, and robotics) as well as traditional, 2nd Platform technologies. "While IT spending is contracting in some areas, spending on 3rd Platform technologies will see double-digit growth throughout the post-COVID recovery period," said Karen Massey , research manager, Customer Insights & Analysis . "However, the investment priorities are somewhat varied across industries. The financial services sector, which includes the banking, securities and investment services, and insurance industries, relies more heavily on cloud, mobility, and big data and analytics, for example. But the Internet of Things (IoT) is the primary investment focus in the other six industries, especially manufacturing, oil and gas, and utilities." 3rd Platform technologies will become the largest area of technology investment in the banking industry by 2022 with cloud and mobility accounting for 30% or more of all industry spending throughout the forecast. With a compound annual growth rate (CAGR) of 11.5%, spending on big data and analytics will nearly equal mobility by the end of the forecast while cloud spending takes on more prominence with a five-year CAGR of 16.2%. Consumer banking will remain the largest sub-industry, accounting for more than half of all technology spending by the industry throughout the forecast. The insurance and securities and investment services industries will follow a similar spending trajectory as banking with cloud and mobility investments leading the way, followed closely by big data and analytics. Both industries will also see similar levels of investment in next-generation security and AI systems. One area where the two industries diverge is IoT spending, which will be notably higher for the insurance industry, led by the property & casualty sub-industry. "In response to the need for resiliency and scalability in financial services operations, our research has shown accelerated growth in spending on infrastructure technologies like cloud and security, and in business areas like digital banking, risk management in insurance, and analytics in the capital markets industry," said Jerry Silva , program vice president, IDC Financial Insights . "And because many areas in financial institutions are limiting budgets in the face of an uncertain lending environment, investments in as-a-Service cloud solutions and platforms will increase their share of the IT dollar." The manufacturing industry will deliver the largest investments in 3rd Platform technologies with spending growing to more than $800 billion in 2024. IoT will be the largest area of investment, accounting for more than 30% of the industry's IT spending throughout the forecast. Robotics will be the second largest area of spending with strong investments from the automotive, consumer packaged goods (CPG), and aerospace and defense sub-industries. Robotics and AI systems will see some of the fastest spending growth with a five-year CAGRs of 19.2% and 19.9%, respectively. IoT will also be the largest area of investment in both the utilities and the oil and gas industries as they increase their use of sensors in smart meters and for distribution automation. Cloud and mobility will see similar levels of investment at the beginning of the forecast, but cloud will benefit from significantly stronger spending growth throughout the forecast in both industries. Robotics will also overtake both cloud and mobility by the end of the forecast to become the second largest area of investment in the oil and gas industry. In retail, IoT investments will account for nearly a quarter of all technology spending as organizations focus on omni-channel operations. Cloud and mobility will account for another quarter of all retail spending while AR/VR, robotics, and AI systems will see the fastest spending growth as companies invest in customer experience and automation. For general merchandise retailers like Walmart and Target, cloud is the top spending priority while the food store sub-industry will focus more of its spending on IoT along with cloud and mobility. IoT is also the largest area of spending within the healthcare industry, where providers (hospitals, physician clinics, and other providers) are utilizing remote sensors for bedside telemetry, asset tracking, and remote health monitoring. Mobility and cloud will be the next largest areas of spending with cloud forecast to grow at a notably faster rate (14.0% CAGR). Investments in AI systems and robotics will also experience strong growth over the course of the forecast with five-year CAGRs of 21.0% and 16.8% respectively. Government spending on 3rd Platform technologies is forecast to grow to nearly $300 billion by 2024 with a CAGR of 11.6%. IoT will be the largest area of spending, accounting for more than one third of all 3rd Platform investments as governments at all levels invest in public safety and emergency response programs, public infrastructure asset management, and intelligent transportation systems. Mobility and cloud will be the next largest areas of investment with cloud spending overtaking mobility by the end of the forecast with a five-year CAGR of 12.9%. AR/VR and AI systems will see the fastest spending growth with CAGRs of 84.0% and 25.8% respectively. IDC's 3rd Platform Industry Spending Guides provide an in-depth industry market forecast for 3rd Platform (mobility, cloud, big data and analytics, and social) and Innovation Accelerators (artificial intelligence, augmented reality/virtual reality, 3D printing, Internet of Things, security, and robotics) technologies as well as spending data for hardware, software, and IT services, plus two delivery types (cloud and non-cloud), across nine geographic regions and 64 sub-industries and lines of business. The guides remove duplicative spending (overlap or double counting) that is inherent to individual technology forecasts, thereby offering a wholistic industry and subindustry/line-of business forecast for emerging technology markets. This version (V1 2021) of the Spending Guides incorporates updated assumptions for political, economic, and pandemic impacts across all technology and industry markets. About IDC Spending Guides IDC's Spending Guides provide a granular view of key technology markets from a regional, vertical industry, use case, buyer, and technology perspective. The spending guides are delivered via pivot table format or custom query tool, allowing the user to easily extract meaningful information about each market by viewing data trends and relationships. For more information about IDC's Spending Guides, please contact Monika Kumar at mkumar@idc.com . Click here to learn about IDC's full suite of data products and how you can leverage them to grow your business. About IDC International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group ( IDG ), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com . Follow IDC on Twitter at @IDC and LinkedIn . Subscribe to the IDC Blog for industry news and insights. Contacts

Technology Investments Investments

13 Investments

Technology Investments has made 13 investments. Their latest investment was in Scott's Valley Instrument as part of their Series A on October 10, 1996.

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Technology Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/1/1996

Series A

Scott's Valley Instrument

$0.5M

No

Bass Associates, and TFC

1

9/1/1995

Seed

Scott's Valley Instrument

$1M

Yes

Bass Associates, and TFC

1

5/1/1993

Series A

Socket Communications

$1.7M

No

Bass Associates, El Dorado Ventures, RS&Co., Shea Ventures, Third Millennium, and Undisclosed Angel Investors

1

3/1/1993

Series A

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$99M

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10

10/1/1992

Seed

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$99M

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10

Date

10/1/1996

9/1/1995

5/1/1993

3/1/1993

10/1/1992

Round

Series A

Seed

Series A

Series A

Seed

Company

Scott's Valley Instrument

Scott's Valley Instrument

Socket Communications

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Amount

$0.5M

$1M

$1.7M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Bass Associates, and TFC

Bass Associates, and TFC

Bass Associates, El Dorado Ventures, RS&Co., Shea Ventures, Third Millennium, and Undisclosed Angel Investors

Sources

1

1

1

10

10

Technology Investments Portfolio Exits

2 Portfolio Exits

Technology Investments has 2 portfolio exits. Their latest portfolio exit was Scott's Valley Instrument on March 01, 1997.

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

3/1/1997

Acquired

Undisclosed Investors

1

00/00/0000

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10

Date

3/1/1997

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

Undisclosed Investors

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Sources

1

10

Technology Investments Acquisitions

1 Acquisition

Technology Investments acquired 1 company. Their latest acquisition was Harmonic Lightwaves on May 22, 1995.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

5/22/1995

Mezzanine

$29.55M

IPO

1

Date

5/22/1995

Investment Stage

Mezzanine

Companies

Valuation

Total Funding

$29.55M

Note

IPO

Sources

1

Technology Investments Fund History

1 Fund History

Technology Investments has 1 fund, including Technology Investment I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/1/1990

Technology Investment I

Diversified Private Equity

1

Closing Date

7/1/1990

Fund

Technology Investment I

Fund Type

Diversified Private Equity

Status

Amount

Sources

1

Technology Investments Team

1 Team Member

Technology Investments has 1 team member, including current Managing Director, Jack C Carsten.

Name

Work History

Title

Status

Jack C Carsten

U.S. Venture Partners

Managing Director

Current

Name

Jack C Carsten

Work History

U.S. Venture Partners

Title

Managing Director

Status

Current

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