FUNDING NEWS
Mobile and consumer Internet technologies were the two biggest areas of spending for Google Ventures in 2012 including online coupon site RetailMeNot.
With customers form Flipkart and Yebhi, it develops and deploys leading-edge products and services in robotics and warehouse automation business.
The global VC investments plunged to $992 million in 2012, compared to $1.9 billion raised last year.
The undisclosed amount of money will be used to consolidate the product roadmap and hire employees.
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