Business Wire | Nov 4, 2021 06:55AM EDT

Emerson Announces $100 Million Commitment to Corporate Venture Capital Initiative

Nov. 04, 2021

ST. LOUIS--(BUSINESS WIRE)--Nov. 04, 2021--Global technology and engineering leader Emerson (NYSE: EMR) announced today a $100 million commitment to Emerson Ventures, its corporate venture capital initiative designed to accelerate innovation by providing early access to cutting edge technologies that solve real customer challenges. The investment commitment will advance the development of disruptive discrete automation solutions, environmentally sustainable technologies and industrial software in key industries.

"We see this as more than investment - it's about partnership and enhancing the industries we serve," said Emerson President and CEO Lal Karsanbhai. "We are committed to supporting and mentoring companies as we work together to gain strategic insights on emerging technologies, adjacent markets and industry disruptors. It's a win-win for all."

The company aims to invest in four to six early-stage startups each year, targeting $100 million in investments over five years. A focused team will evaluate opportunities in collaboration with Emerson's Office of the Chief Executive.

For entrepreneurs seeking strategic investors, Emerson's global network, advanced expertise and market access can serve as a catalyst to a startup's development. This dedicated funding commitment along with a long-term investment mindset will also boost Emerson Ventures' ability to co-invest with other top-tier venture capital firms and other corporate venture capital arms, including those of customers.

The investment into Emerson Ventures also supports the company's ongoing commitment to accelerate solutions, software and technologies that drive innovation for a greener future.

For more information, please visit emerson.com/en-us/about-us/ventures.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information visit Emerson.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211104005082/en/

CONTACT: Company Contact: Thurston Cromwell Vice President, Development and Innovation Thurston.cromwell@emerson.com or EmersonVentures@emerson.com

CONTACT: Media Contact: Casey Murphy Casey.murphy@fleishman.com 314-982-6220