Mobileye attracts USD 400 mln from investors

Monday 8 July 2013 | 09:29 CET | News
Crash avoidance technology provider Mobileye has raised USD 400 million as part of its latest fund raising drive, in a deal valuing the company at USD 1.5 billion, the Wall Street Journal reported. The fundraising comes from BlackRock, Fidelity Investments, Wellington Management; car-rental company Enterprise Holdings, and a Chinese investment group, according to a person familiar with the investment. The funds will be used to cash out some early investors and prepare for next year's initial public offering, said Mobileye chief executive and co-founder Ziv Aviram. Aviram noted a recent

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Categories: General
Companies: BMW / Google / Mobileye
Countries: Israel / Netherlands / World
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