Microsoft, General Electric, Qualcomm, Tata & Sons and HNA Group have joined Tel Aviv University's Ramot and Pitango Venture Capital to form the internet-of-things fund.
Ramot, the tech transfer office of Tel Aviv University, has joined five corporate partners to form an investment consortium called Israel IoT Innovations – i3 Equity Partners with an initial $20m fund.
Software provider Microsoft, industrial conglomerate General Electric, mobile semiconductor producer Qualcomm, conglomerate Tata & Sons and aviation-focused group HNA are all involved, as is venture capital firm Pitango Venture Capital.
Microsoft, GE, Qualcomm and HNA committed capital through their Microsoft Ventures, GE Ventures, Qualcomm Ventures and HNA Ecotech…
