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The company says the fresh funding, which also comes from Union Tech Ventures, Bessemer Venture Partners, Maniv Mobility and Trucks VC will help it speed up its development processes and develop commercial relationships with automotive OEMs, tier 1 suppliers and other potential partners.
The prospect of freeing up access to public data has the potential to speed up its development and provide the government and private sector with a much deeper insight into the trends underpinning the nation's health to allow for more efficient management of diagnosis, treatment and recovery.
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Novartis is speeding up its development of its blood pressure drug Tekturna, which is a potential blockbuster, the firm said.
To that end, the startup says it will use the new funding to speed up its international development, noting that the North American and Asian markets account for 30%and20%0% of the application's market respectively, and will be a key focus going forward.
The company said it would use the money to hire more data scientists, speed up its product development and concentrate on specific avenues within machine learning research.
During an April visit to Ukraine, which has granted concessions to Chevron and Royal Dutch Shell, vice president Joe Biden announced that the United States would bring in technical experts to speed up its shale gas development.
Canada is also speeding up its shale development, Ms. Jaffe said.
The company will use its new capital to speed up the development of its automated marketing platform, which it describes as "Rocket Fuel on steroids".
Crowdpark plans to use its new round of funding to speed up the development of its cross-platform functionality, develop new games, and ramp up hiring to build on the early success of Bet Tycoon, which is currently seeing around 500K monthly active users on Facebook.
Founder and CEO Elad Benjamin, who launched Zebra with Eyal Toledano and Eyal Gura in 2014, told TechCrunch in an email that its Series C capital will be spent on new hires to speed up the development of its analytics engine and its go-to-market strategy.
Establishing the company's logistics operation as its own business unit will allow JD.com to speed up the development of its infrastructure and give it more flexibility to explore business opportunities.
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