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Schneider Electric Ventures Debuts at Innovation Summit
The multinational corporation will use its venture arm, known as Schneider Electric Ventures, to complement its internal R&D initiatives.
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ATLANTA — Hailing its new venture group as “far more than a typical venture capital firm,” Schneider Electric unveiled at its Innovation Summit North America its efforts to evaluate new technologies, incubate startups and guide them along toward an exit, whether that is an initial public offering or acquisition by Schneider. The focus of the €300–500 million fund is broadly industrial, including applications such as predictive maintenance, IIoT security and cloud-based supply chain management.
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