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ABB’s Venture Capital Unit Wins Global Corporate Venturing Award - ABB wins in ‘Sub $50 million investment of the Year’ category -
ABB’s Venture Capital Unit Wins Global Corporate Venturing Award


NewswireToday - /newswire/ - Zurich, Switzerland, 2014/05/22 - ABB wins in ‘Sub $50 million investment of the Year’ category - NYSE: ABB

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ABB Technology Ventures (ATV), the corporate venture capital arm of ABB, the leading power and automation technology group, has won the Global Corporate Venturing award in the ‘Sub $50 million investment of the Year’ category for its investment in TaKaDu.

The awards, now in their fourth year, recognize and celebrate innovation, best practice and service in the corporate venturing ecosystem. Winners were revealed at the awards ceremony, as part of the Global Corporate Venturing Symposium, a two-day event focused on innovation, strategy and developments in corporate venturing.

“We are very proud to receive this award that acknowledges our targeted investments in early stage companies with technologies of strategic interest to ABB,” said Girish Nadkarni, head of ABB Technology ventures. “This is well deserved for a very dedicated and talented team with global business and technology due diligence active R&D, commercial and operational support to our portfolio companies from ABB.”

ABB received the award for its investment in TaKaDu, a provider of advanced monitoring solutions for water distribution networks. The investment was led by 3M.

It followed an investment led by ATV in a $6 million funding round in 2012 that also included existing TaKaDu investors Emerald Technology Ventures, Gemini Israel Funds and Giza Venture Capital.

Yehud, Israel-based TaKaDu gives ABB access to a field-proven monitoring system that complements its automation portfolio for the water sector. This includes a range of power and automation products and integrated solutions that allow customers to produce, transport, distribute, treat and utilize water efficiently, reducing energy consumption, minimizing losses and improving reliability.

TaKaDu’s solutions have been rolled out by leading water utilities in ten countries and have earned international recognition as an environmentally friendly technology including the Technology Pioneer award from the World Economic Forum in 2011.

In addition, ABB was also mentioned for its investment in Persimmon Technologies to help the Massachusetts-based start-up develop its 3D deposition technology for motor component manufacturing. The investment was made after a $6 million investment round that included previous investors such as Intel Capital.

Since launching in 2011, Persimmon has been developing disruptive hybrid-field motor technology, a new approach to making motor components using 3D deposition processes that aim to increase power density, eliminate manufacturing steps and reduce component costs. The company’s first prototype motor concept increases the stator effective area and produces a higher output motor with comparable size and material cost.

ABB ( is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 150,000 people.

ABB Technology Ventures (ATV) is the corporate venture capital arm of the ABB Group. Headquartered in Zurich, with offices in Silicon Valley and Washington, DC, ATV ( invests in high potential technology companies that can benefit from ABB’s engineering resources and global market access. Investing since 2010, ATV has deployed over $150 million across 17 investments into a wide range of sectors including cyber security, robotics, smart grid, renewable power generation and data center efficiency.

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Written by / Agency / Source: ABB Robotics / ABB Ltd


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ABB’s Venture Capital Unit Wins Global Corporate Venturing Award

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