Johnson Controls, Airbus, Lockheed Martin and Sumitomo combined for a round that will fund an expansion of the location technology developer's production.

US-based microlocation system developer Humatics has raised $28m in series A1 funding from investors including industrial technology producer Johnson Controls, conglomerate Sumitomo, defence equipment provider Lockheed Martin and aerospace group Airbus. The round was led by Tenfore Holdings and included fellow VC firms Fontinalis Partners and Blackhorn Ventures. The corporates invested through subsidiaries JCI Ventures,…

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