ABB

About

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

Zürich,Zurich,Switzerland
10001 - max
https://global.abb/group/en

Highlights

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
Jan 26, 2023 Viking Analytics AB	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

Employee

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
May 6, 2008 Vectek Electronics	Electronics	acquisition	—	Detail
Jul 16, 2008 Kuhlman Electric Corp.	Electronics	acquisition	—	Detail
May 5, 2010 Ventyx	Enterprise Software	—	—	Detail
Jan 27, 2011 Baldor Electric Company	Consumer Electronics	acquisition	$ 4.20B	Detail
May 9, 2011 Mincom	Business Development	—	—	Detail