ABB

company

About

ABB provides power and automation technologies for smart grids, robotics, electric cars, renewable energy and motors.

Details

Last Funding Type
Grant
Last Funding Money Raised
$2.70M
Industries
Automotive,Chemical,Energy,Oil and Gas,Robotics
Founded date
Jan 5, 1988
Number Of Employee
10001 - max
Operating Status
Active
Stock Symbol
nyse:ABB

ABB is engaged in power and automation technologies. The company provides a range of products, systems, solutions, and services. Its power businesses focus on power transmission, distribution, and power-plant automation and serve electric, gas and water utilities, as well as industrial and commercial customers. Its automation businesses serve a range of industries with measurement, control, protection, and process optimization applications. It operates in approximately 100 countries across four regions: Europe, the Americas, Asia, and the Middle East and Africa (MEA). During the year ended December 31, 2011, the business consisted of five divisions: Power Products, Power Systems, Discrete Automation and Motion, Low Voltage Products and Process Automation. On January 26, 2011, the company acquired Baldor Electric Company (Baldor). In May 2011, it purchased a controlling interest in United States-based Validus DC Systems.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$2.70M
ABB has raised a total of $2.70M in funding over 2 rounds. Their latest funding was raised on Sep 23, 2013 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 23, 2013 Grant $2.70M Detail
Apr 12, 2001 IPO Detail

Investments

Number of Investments
Number of Lead Investments
10
4
ABB has made 10 investments. Their most recent investment was on Jan 26, 2023, when Viking Analytics AB raised €3M.
Date Company Name
Round Money Raised Industry Lead Investor
Series A €3M Analytics
Sep 22, 2022 Samotics
Corporate Round Artificial Intelligence Yes
May 22, 2022 Morrow Batteries
Series Unknown €100M Battery Yes
Oct 28, 2021 BrainBox AI
Series A $24M Artificial Intelligence Yes
May 2, 2018 Soft Robotics
Series A $20M Advanced Materials

Employee Profiles

Number of Employee Profiles
83
ABB has 83 current employee profiles, including Board member Louis Hughes
Board member
Employee
Board member
Executive

Exits

ABB has had 1 exits. ABB most notable exits include Terawave Communications

Date Company Name Exit Type Industry
Oct 26, 2007 Terawave Communications M&A Communications Infrastructure Detail

Acquisition

ABB has acquired 34 organizations. Their most recent acquisition was Vectek Electronics on May 6, 2008. They acquired Vectek Electronics for 0.

Date Company Name
Industry Acquisition Type Price
Electronics acquisition Detail
Electronics acquisition Detail
May 5, 2010 Ventyx
Enterprise Software Detail
Consumer Electronics acquisition $ 4.20B Detail
May 9, 2011 Mincom
Business Development Detail