VCs invest $10m in Chinese positioning technology provider
China and US-based startup Kolmostar, which provides positioning technology such as GPS for internet-of-things (IoT) devices and autonomous vehicles, has raised $10 million in a new round of funding led by AB Initio Capital Management.
Other participants include Chinese VC firm FreesFund, East Bell Venture Capital and Star VC. Kolmostar was founded in 2016 and develops low-power, high-precision positioning technology that can be used...
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