Piva, a San Francisco, CA-based newly formed venture capital firm, has launched its inaugural $250m fund to invest in a new era of industry and energy technologies.
Piva counts one of the world’s largest energy companies, Malaysia-based Petroliam Nasional Berhad (PETRONAS), as its sole LP.
Core investment areas include:– the future of industry,– technologies like AI, IIoT, robotics and automation driving the 4th Industrial revolution;– the future of energy, including new technologies accelerating the energy transition along with electrification, automation and digitalization of mobility; and– the future of materials and production including breakthrough chemicals and new materials.
Piva leverages its global partners and deep professional networks in over 90 countries and six continents to allow founders to access new markets, leading corporations, organizations and the technical experts they need to build the future of industry and energy.
Venture Partners are:– Issam Dairaneh,– Michael Idelchik,– Robert Siegel, and– Steve Foster,who each bring decades of venture capital investing and operating experience to Piva. | To read full story, visit https://startuparound.com/read/1576080010.106872/Piva-Launches-$250M-Industry-and-Energy-Fund?ref=audio_experience