Tag Archives: Round
JERUSALEM (Reuters) – Israeli high-tech firm Mantis Vision, which provides 3D content capture and sharing technologies, said on Monday it raised $ 55 million in a round led by China-based Luenmei Quantum Co and Samsung Catalyst Fund.
The Israeli firm and Luenmei also formed a joint venture to strengthen Mantis Vision’s growth in China.
Mantis Vision said its technology can be used in a variety of applications, including 3D smartphone cameras and professional 3D scanners.
The company said it has now raised a total of $ 83 million and expects to double its workforce by the end of 2020 with an additional 140 employees.
Reporting by Ari Rabinovitch; Editing by Tova Cohen
(Reuters) – Uber rival Lyft Inc is raising an additional $ 500 million in funding, according to a U.S. share authorization document filed in Delaware news website Axios said. (bit.ly/2BhebbU)
The additional funding round, led by Alphabet Inc’s CapitalG, is an extension of the $ 1 billion round announced in October.
Lyft spokesman Adrian Durbin, confirming the funding round, in an e-mailed statement said, “Increasing the potential for this round will allow us to further accelerate our commitment to serving passengers and drivers.”
In October Lyft had said that the previous round of funding boosted its valuation to $ 11 billion from $ 7.5 billion. The fresh funding would raise its valuation to $ 11.5 billion.
Reporting by Sangameswaran S in BengaluruEditing by Greg Mahlich