CIG: C3, a secretive startup brings big hitters and $26 million on board, sparking wide speculation.

Jan. 6, 2010 - PRLog -- CIG has learned of a recent announcement by secretive U.S. startup C3 in which they revealed that it has managed to raise $26 million and has put together a board of some really big names, including some influential political and business figures.

The firm was founded a year ago by Thomas Siebel, who recently sold his software company to Oracle for $5.7 billion and who has filed papers with the Securities and Exchange Commission confirming the $26 billion from undisclosed investors.

The company’s board of directors has also set some tongues wagging, CIG believes, with Siebel himself and former Oracle and Siebel executives involved as well as Jay Dweck a Morgan Stanley director, Condoleeza Rice and Spencer Abraham, a former Republican senator and secretary of energy.

The new firm was not prepared to disclose any details on the nature of its intended ventures, other than to say that it described itself as an “energy and emissions management” firm.

Widespread speculation has arisen over the ongoing secrecy of the business, especially with the involvement of the senior Republicans.

CIG understands that it seems likely that given the directors, that the firm may  break into the market of carbon management and reporting software, an already  crowded market that is sure to see massive expansion when and if the U.S, adopts a domestic cap and trade policy.

The involvement of Rice and the other Republicans, however keeps most guessing at the direction the firm will take as they are actively opposed to such a policy.

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