Pankaj Mishra writes Siemens Venture Capital intends to finance firms that develop industrial automation systems and to facilitate alliances among companies in order to seek new markets.
Siegfried Russwurm, CEO of Siemens’ industry sector, said Siemens intends to fund initiatives to build fresh technologies and disrupt the manufacturing landscape through the company’s Industrie 4.0 strategy, according to the report.
Siemens previously invested in three-dimensional visualization provider Lagoa and cybersecurity software developer CounterTack.