A group called Israel IoT Innovations – i3 Equity Partners (“i3”) has been set up to invest $20 million in Israeli startups developing IoT (Internet of Things) solutions. The consortium includes Microsoft, China’s HNA, India’s Tata, GE, Qualcomm, Tel Aviv University and Pitango.

http://www.timesofisrael.com/microsoft-tata-set-up-group-to-invest-in-israeli-iot/