Rostec, Russian Railways committed to create $100 million venture fund to support IT, IoT projects
Russian state defense conglomerate Rostec and Russian Railways have pledged to create a joint R&D center for LPWAN XNB wireless network devices as well as Internet-of-Things (IoT) technologies to be used on transport. To support such activities, the parties are going to launch a $100 million venture fund, Russian industry resource CNews.ru reported. Last month as part of …