Advantech and Momenta Ventures have teamed for a fund set to invest $50m across the artificial intelligence and industrial internet-of-things sectors.

Taiwan-headquartered industrial technology producer Advantech and Switzerland-based venture capital firm Momenta Ventures are raising up to $50m for an investment fund focusing on digital industry technology. AIoT Ecosystem Fund will target emerging companies based in North America and Europe developing products that combine artificial intelligence and industrial internet-of-things technology. The fund will invest at series…

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