About Bitstew Systems
Bitstew Systems was a Technology company based in Burnaby (Canada) founded in 2005 by Alex Clark, and was acquired by General Electric in November 2016. It offers software for managing assets in energy and industrial sectors. It operates on a B2B model in Technology and Industrial Goods & Manufacturing sectors. Bitstew Systems has raised $41.92 million across 8 funding rounds from investors including SVB, General Electric and Cisco Investments. Its website bitstew.com draws about 681 thousand monthly visits. The company is recorded as dissolved. Bitstew Systems offers products and services including Asset Performance Management Software, Proficy Historian, GridOS, and SmartSignal. Its focus areas include Energy, Asset Performance Management, Industrial Software and Predictive Analytics. Its legal entity is General Electric Company.
Company details
GE Vernova develops software solutions like Asset Performance Management to enhance reliability, reduce maintenance costs, and support decarbonization in energy industries. It operates globally, serving sectors such as oil and gas, renewables, and manufacturing through scalable platforms. The company collaborates with partners like AWS to integrate operational and information technologies, helping clients optimize assets and meet ESG goals while improving efficiency and safety.
- Headquarters Burnaby, Canada
- Founders Alex Clark
- Stage Acquired
- SectorsTechnologyIndustrial Goods & Manufacturing
- Website bitstew.com
- Social LinkedIn X Facebook Instagram
- Acquired by General Electric (Nov 2016)
- Legal Name General Electric Company
- Total Equity Funding$41.92M (USD)
in 8 rounds
- Latest Funding Round$991.61K (USD), Series C
Jun 2016
- InvestorsSVB
& 5 more
- Acquired byGeneral Electric
(Nov 2016)
Products & Services of Bitstew Systems
Bitstew Systems offers a comprehensive portfolio of products and services, including Asset Performance Management Software, Proficy Historian, GridOS, and SmartSignal.
Software for monitoring and optimizing industrial assets to reduce risks.
Tool for collecting and analyzing operational data in real-time.
Platform for orchestrating grid operations and renewable integration.
System for predictive maintenance to prevent equipment failures.
Funding Insights of Bitstew Systems
Bitstew Systems has successfully raised a total of $41.92M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $991.61 thousand completed in June 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $41.92M
- Total Rounds 8
- Last Round Series C — $991,609
- First Round $100,000
(Apr 2013)
- Investors Count 6
All 8 funding rounds of Bitstew Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | $991,609 | Series C | – | Yaletown, General Electric | – |
| May 2016 | Series C | – | – | ||
| Apr 2016 | $1.13M | Series B | – | – | – |
| May 2015 | $17.2M | Series B | – | General Electric | |
| May 2015 | $17.2M | Series B | – | – | – |
| May 2014 | $3.5M | Debt – Venture | – | – | |
| Dec 2013 | $5.3M | Series A | – | Yaletown, Cisco Investments | – |
| Apr 2013 | $100,000 | Seed | – | – | – |
6 investors in total: 6 institutional.
Investors in Bitstew Systems
Bitstew Systems has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, General Electric and Cisco Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Technology investments are made to drive transformative industry growth. | yaletown.com | Vancouver, Canada | ||
Multiple sectors are invested in by the private equity firm. | 1996 | kcpl.ca | Toronto, Canada | |
Technology investments and expertise in networking, cloud, and security services. | 2003 | ciscoinvestments.com | San Jose, United States | |
Diversified operations are conducted across multiple industries worldwide. | 1892 | ge.com | United States | |
Commercial banking services for small and medium-sized enterprises are provided. | 1944 | bdc.ca | Montreal, Canada | |
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States |
Investor details for Bitstew Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Bitstew Systems
1 people are tracked at Bitstew Systems (1 in leadership).
| Name | Role | Group |
|---|---|---|
Alex Clark | Founder, Chief Software Architect | Leadership |
Complete people profiles for Bitstew Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Bitstew Systems
4 dated milestones of Bitstew Systems across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Bitstew Systems is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Series C, of $992K.
- Exit Acquired by General Electric.
Web traffic of Bitstew Systems
The website of Bitstew Systems (bitstew.com) receives about 680.7K visits a month.
- Monthly visits680.7K
▼ 6.7% vs previous month
Websites whose visitors overlap most with Bitstew Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| falconebiz.com | 100% | 959.8K | #63,970 | View details | |
| tofler.in | 97% | 556K | #105,509 | View details | |
| zaubacorp.com | 96% | 4.9M | #12,689 | View details | |
| tracxn.com | 92% | 2.9M | #16,597 | View details | |
| indiafilings.com | 90% | 2.1M | #29,959 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Bitstew Systems
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Frequently Asked Questions about Bitstew Systems
Bitstew Systems was founded in 2005 and raised its 1st funding round 8 years after it was founded.
Bitstew Systems is headquartered in Burnaby, Canada. It is registered at Burnaby, British Columbia, Canada.
Bitstew Systems is a funded company, having raised a total of $41.92M across 8 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Apr 2013.
GE Vernova develops software solutions like Asset Performance Management to enhance reliability, reduce maintenance costs, and support decarbonization in energy industries. It operates globally, serving sectors such as oil and gas, renewables, and manufacturing through scalable platforms. The company collaborates with partners like AWS to integrate operational and information technologies, helping clients optimize assets and meet ESG goals while improving efficiency and safety.
Bitstew Systems offers Asset Performance Management Software, Proficy Historian, GridOS, and SmartSignal.
Bitstew Systems has 6 investors. Key investors include SVB, General Electric, Cisco Investments, BDC, and Kensington Capital Partners.
Bitstew Systems operates through General Electric Company.
Yes. Bitstew Systems was acquired by General Electric in November 2016.
The website of Bitstew Systems receives about 681 thousand visits a month.