Alibaba has participated in a $13m extension that adds to the $20m the AI-based rail infrastructure sensor provider collected last April.

Germany-based train sensor technology developer Konux increased its series B round to $33m yesterday having raised $13m from investors including e-commerce firm Alibaba. Venture capital firm New Enterprise Associates (NEA) led the round’s $20m first tranche in April 2018, investing alongside VC fund manager MIG, and Konux has revealed that the updated round also features…

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