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VentureBeat: Philips Lighting joins $7 million round for smart building sensor maker PointGrab

Philips Lighting joins $7 million round for smart building sensor maker PointGrab

Israel’s PointGrab has raised $7 million in funding for its sensors for smart buildings. The investors include lighting company Philips Lighting; Mitsubishi UFJ Capital Co. (MUCAP), a venture capital arm of Japan’s largest financial group; and existing investors ABB Technology Ventures (ATV).