The Alibaba-backed rail network software developer pushed its overall funding near the $130m mark in a round led by Sanno Capital.
Konux, a Germany-based intelligent railway technology provider backed by e-commerce group Alibaba, has raised $80m in a series C round led by impact investment firm Sanno Capital.
The round included family office Athos and existing backers including venture capital firms DIVC and New Enterprise Associates (NEA) as well as NEA co-founder and former chairman Dick Kramlich.
Founded in 2014, Konux develops artificial intelligence software that utilises connected devices and machine learning technology to enhance the reliability and efficiency of rail…
