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Just ahead of reverse merger, IoT devices developer Borqs gets $10 million

Just ahead of reverse merger, IoT devices developer Borqs gets $10 million

Monday, March 13, 2017, 11:17 AM

Internet of things devices developer Borqs International Holdings has closed a $10-million round of funding, led by Qualcomm Ventures and Accel Partners India, barely six weeks before the Beijing and Bengaluru-based company undergoes a $303-million reverse merger. The IoT products and solutions provider already counts a number of leading investors among its list of backers, including Norwest Venture Partners, Intel Capital, Keystone Ventures.
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