ABB Technology Ventures invested $3m with the remaining half coming from venture capital firms Emerald Technology Investors, which is understood to be raising a quasi-corporate venturing fund from Russia state-backed Rusnano, Gemini Israel Funds and Giza Venture Capital.
Israel-based TaKaDu, a software provider that helps utilities cut down on water leakages, has raised $6m from a consortium including Switzerland-based industrial group ABB’s corporate venturing unit.
ABB Technology Ventures invested $3m with the remaining half coming from venture capital firms Emerald Technology Investors, which is understood to be raising a quasi-corporate venturing fund from Russia state-backed Rusnano, Gemini Israel Funds and Giza Venture Capital.
Its customers include customers including Thames Water in the UK, Sydney Water and Yarra…
