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GE looking into stakes in data-harvesting tech startups

December 1, 2012 /

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General Electric may make venture capital investments in technology startups and consider acquisitions as it ramps up offerings of software designed to analyze data harvested from its industrial equipment.

The world’s largest maker of jet engines, diesel locomotives and medical-imaging devices is setting aside as much as $100 million for the investments, which will supplement hiring at its new research center in San Ramon, Chief Executive Officer Jeffrey Immelt said this week.

Tim Catts

Full Story: http://www.sfgate.com/technology/article/GE-looking-into-stakes-in-tech-startups-4082437.php

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