Tom Siebel Startup Lands More Funding, High Profile Board Members

Still in stealth mode, C3 attracts $10 million in new funding and former Secretary of State Condoleezza Rice.


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Posted on Dec 31, 2009

Energy and emissions management software startup C3 says it has lined up $10 million in new financing and named high-profile board members, including former Secretary of State Condoleezza Rice.

The secretive start-up, launched by Siebel Systems founder and former CEO Thomas Siebel, yesterday filed with the Securities and Exchange Commission a notice that it had raised $10 million in new financing from an undisclosed source. The deal brings C3’s total financing so far disclosed to the SEC to $26 million.

In the same filings, C3 named several high-profile board members, including Rice. Other C3 board members include former US Secretary of Energy Spencer Abraham and Jay Dweck, a managing director global head of strategies and technology at Morgan Stanley.

So far, little is known about C3 or its plans. In a speechin February at Stanford University, Siebel said he and a management team had founded C3, an enterprise software company whose product will “enable organizations to measure, monitor, mitigate, and monetize their carbon footprint.”

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