Israeli IoT Co. PointGrab Raises $7M

October 25, 2016 | Israeli Internet-of-Things company PointGrab raised $7 million for its advanced sensor technology for smart buildings. The investors include new partners – Philips Lighting, the global leader in lighting, Mitsubishi UFJ Capital Co. Ltd (MUCAP), a venture capital arm of MUFG, Japan’s largest financial group, in addition to existing investors ABB Technology Ventures (ATV) and others. Based in Hod Hasharon, the company was founded by chairman Saar Wilf, CEO Haim Perski, and VP technology Amir Kaplan. PointGrab raised $5 million last December.