Israeli IoT technology startup PointGrab secures $5 million

Israeli machine learning and IoT technology startup PointGrab today announced that it has raised $5 million from ABB Technology Ventures, EcoMachines Ventures and Flex Lab IX. The company's first investor and current chairman, Saar Wilf, also chipped in for the round.

PointGrab's deep learning technology targets the home and building-automation market, providing detailed information about activity within buildings thanks to optical sensing IoT devices to support energy-saving, facility management, safety and whatnot.

PointGrab boasts an installed base of more than 27 million consumer electronic devices from giants like Samsung, Lenovo, Fujitsu, Acer and others.

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