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Mobileye, an Intel company, is a leader in assisted driving and the use of computer vision technology. The Jerusalem-based company became part of Intel in 2017.

The company said it does not see the situation improving for quite some time.

The video site’s move into the mainstream has yielded mixed results.

The program is now open to startups that develop services in food tech, agritech, as well as biotech and health tech.

The new investment increases GudangAda’s total funding to nearly USD 40 million.

The stakes of Chinese firms like Alibaba and Tencent in some of India’s most lucrative startups may be threatened because of new investment restrictions.

The Series D funding round was led by GeoPost alongside two sovereign wealth funds, with returning participation from B Capital Group and Monk’s Hill Ventures.

This comes barely 10 days after social networking giant Facebook brought a 9.99% stake in Jio Platforms.