GE Ventures Spins Out Menlo Micro With $18.7 Million Funding

GE Ventures is spinning out a new startup, Menlo Micro, which is producing a new type of electronic switch for use in mobile communications networks, new 5G mobile networks and industrial Internet of Things applications.

The Irvine, Calif.-based company has also raised $18.7 million in Series A funding from Paladin Capital Group, GE Ventures, Microsemi Corp., and Corning.

Kamal Vasagiri

Kamal Vasagiri invests in companies with areas of focus including Enterprise Applications, Manufacturing and Data Analytics, IOT, Supply Chain and Logistics. Prior to joining GE Ventures, Kamal co-founded SAAS based startups in the Supply Chain and ED-Tech areas. Prior to his entrepreneurial ventures, Kamal held positions in Engineering, Services and Product at Oracle. Kamal holds a Bachelors degree in Electrical Engineering from JNTU(INDIA), a Masters degree in Electrical Engineering from Utah State University and an MBA from University of Chicago, Booth School of Business.

Local Motors

Local Motors is a technology company that designs, builds and sells vehicles by combining co-creation with local micro-manufacturing to create a better world through hardware.

Tim Cantwell

Tim leads the Finance team and manages business operations for GE Ventures. As a member of the investment committee, he drives business development that bridges strategic value with the broader GE Company. Tim has been with GE for ten years and held a series of executive roles, most recently as Executive Director of M&A Finance at GE Capital. In this capacity, he led legal and financial restructuring of more than $100 billion of businesses to enable the sale of most of GE Capital’s assets.

Omada Health

Omada Health is pioneering a new class of medicine called digital therapeutics.

Arterys

Our mission is to create an automated, intelligent diagnostic platform that unleashes real-world clinical data to make healthcare more accurate and data driven.

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