In the words of Pragmatics, it offers digital traceability and interactivity to everyday objects.
Scott White is theFounderand Executive Director, Strategic Initiatives, of Pragmatic.
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White tells TNW that Pragmatic wants to see the government support innovative new companies through public procurement.
What would a sufficient strategy look like in more detail?
British Patient Capital, a subsidiary of the UK governments economic development bank, also participated in the funding.
The company has now raised over $190 million to date and employs over 200 people.
Puhua Capital, a Hangzhou-based VC focused on health and technology, has also invested an undisclosed amount.
Although, Pragmatics has intentionally kept Chinese investment low, due the sensitive geopolitical situation.
Story byLinnea Ahlgren
Linnea is the senior editor at TNW, having joined in April 2023.
Dabbles in gaming and fitness wearables.
But first, coffee.
