TPG Growth led a $70 million investment in software company C3 Iot. Sutter Hill, Interwest Partners and the target’s management team also invested alongside C3. TPG Growth's investment was $60 million.

C3, based in Redwood City, California, provides software that helps developers connect data in designing applications. The company serves the manufacturing, oil and gas, healthcare, retail, aerospace, transportation and telecommunication sectors.

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