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Schneider Electric agrees to buy industrial AI company Cognite in a $3.1B all-cash deal, and plans to combine Cognite with its industrial software company Aveva
Schneider Electric SE agreed to buy Cognite in a $3.1 billion transaction to expand its industrial data and AI software business.
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French industrial giant Schneider Electric agrees to acquire the remaining 40.86% stake in UK industry software company Aveva for ~£3.87B, valuing it at £9.5B
Bloomberg :
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Claroty, which develops security tech for industrial companies, raises $140M Series D, bringing its total raised to $235M, ahead of an IPO
'We are able to reverse-engineer OT protocols and use them thanks to help from Schneider Electric, Rockwell Automation, and Siemens.
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