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October 24, 2014 11:33 am

China’s Baidu, Ping An Invest in Israeli Venture Capital Firm Carmel

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Baidu headquarters. Photo: Wikimedia Commons.

Reuters – Israeli venture capital firm Carmel Ventures said on Wednesday it raised $194 million for its Carmel Ventures IV fund with participation from new strategic investors in Asia that include Chinese Internet search engine Baidu.

The new fund, like its predecessor funds, will invest in early-stage technology companies in enterprise software, data center infrastructure, big data, cyber security, financial technology, digital media and consumer applications.

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