This is the second tranche of the funding round. In August, the company raised $7 million in the first tranche, which was led by Cactus Partners with participation from GVFL and some family offices.
The company will use the funding for research and development (R&D) of AI hardware, IoT platforms and connected device ecosystems; expansion of Rundefined and global expansion.
“We are expanding our R&D to create more intellectual property (IP) products….