OSIsoft, LLC, a San Leandro, CA-based provider of enterprise infrastructure solutions for management of real-time data and events, has received a $135m minority investment from Technology Crossover Ventures (TCV) and Kleiner Perkins Caufield & Byers (KPCB).
The minority investment will enable the company to accelerate its expansion globally. Commenting on the funding, Dr. J. Patrick Kennedy, CEO and founder of OSIsoft, said: “The minority stake by two of the world’s premier technology investors, TCV and KPCB, will provide both the resources and the deep industry expertise to help us expand strategically and serve growing markets around the world”.
In conjunction with the investment, Jake Reynolds, TCV general partner, and Ben Kortlang, KPCB partner, will join OSIsoft’s board of directors.
Founded in 1980 and with operations worldwide, OSIsoft provides organizations across the energy, manufacturing, utilities, life sciences, data centers, facilities, and the process industries with the PI System, a solution for collecting, managing and analyzing operational data.
It is designed to enable users to manage assets, mitigate risks, comply with regulations, improve processes, drive innovation, make business decisions in real time, and to identify competitive business and market opportunities.