ABB Technology Ventures

ABB Technology Ventures — now branded as ABB Ventures — is the corporate venture capital arm of ABB Group, the global industrial technology leader in electrification and automation. Founded in 2009 and headquartered in Zurich, Switzerland, with offices in Silicon Valley and Washington D.C., the firm has deployed approximately $400 million into startups since inception. Led by Vice President Kurt Kaltenegger and a team of seven, ABB Ventures invests $1 million to $20 million per deal in four to six new companies per year, with roughly half its activity concentrated in North America. The firm focuses on breakthrough technology companies aligned with ABB's industrial electrification and automation priorities, spanning robotics, industrial IoT, AI and machine learning, energy transition, cybersecurity, sustainability, electric mobility, smart buildings, and distributed energy. The portfolio includes 72 investments, with Landing AI among the most recent (September 2025). ABB Ventures does not typically participate as the first institutional investor, preferring to enter at growth-stage rounds where it can bring meaningful commercial acceleration. ABB Ventures' primary differentiator is access to ABB's global customer base, deep domain expertise across industrial markets, and go-to-market channels spanning more than 100 countries. Portfolio companies gain a direct connection to one of the world's largest industrial buyers and technology integrators — a strategic advantage that is particularly valuable for deep technology companies navigating long enterprise sales cycles and regulatory complexity in energy, manufacturing, and transportation markets.