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Mobility tech firm Optibus raises $40 million, Alibaba takes stake

December 12, 2018 9:31 AM
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JERUSALEM (Reuters) - U.S.-Israeli mobility technology company Optibus said on Wednesday it raised $40 million in a private funding round led by Insight Venture Partners and with a strategic investment from the Alibaba Group.

Existing investors, including Verizon Ventures, Pitango Venture Capital, New Era Capital and Sir Ronald Cohen, also participated in the round.

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