The company cites its asset-light model and strategic location in metro areas as key factors.
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The funds will be used to enhance its main products, the Eureka controller and the Eureka 3D camera.
As of the third quarter of 2024, the company's year-to-date bookings reached $209 million.
The round, led by Dragon Fund and managed by Liquidity and MUFG, values the company at $2.1 billion.
The investment was largely driven by Zoho, which provided approximately $10.6 million.
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