VANCOUVER, B.C. – Bit Stew Systems, a leader in Software Defined Operations for the Industrial Internet, today announced that it has raised an additional $17.2 million1 in a Series B funding round. The investment round, led by GE Ventures, includes existing investors Cisco Investments and Yaletown Venture Partners, and brings new investment from BDC Capital and others, affirming confidence in Bit Stew’s technology, leadership and market opportunity.
The new funding from the leaders in the Industrial Internet continues a year of ongoing technology innovation, revenue growth and customer adoption, new market opportunities and recognition for Bit Stew Systems and its innovative software solutions.
1 $20.6 Million Canadian Dollars (CAD)