Global Firms Form IoT Investment Vehicle

November 9, 2016 | “Israel IoT Innovations” – i3 Equity Partners (“i3”), a new global consortium, has announced the establishment of a new Investment Vehicle, with a first closing of $20 million, for developing next-generation IoT (Internet of Things) and IIoT (Industrial Internet of Things) technologies. The consortium is comprised of five global leaders in the IoT industry – GE Ventures, HNA EcoTech, Microsoft Ventures, Qualcomm and Tata, in partnership with Pitango Venture Capital and Tel Aviv University (TAU) through its Business Engagement Center RAMOT. With headquarters on the TAU campus, i3 is headed by Managing Partners Noga Kap and Eran Wagner, both successful Israeli entrepreneurs as well as investors with years of proven track records and extensive experience in early-stage investments, and chaired by Shlomo Nimrodi, CEO of RAMOT, and a veteran of the Israeli High-Tech industry.