Other investors include Norwest Venture Partners, which led the round, and existing investors Opus Capital, Walden International, Genesis Partners, Vertex Venture Capital and Lightspeed Venture Partners.

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Others who stand to benefit from a purchase include Waze investors Kleiner Perkins, billionaire Li Ka Shing, Blue Run Ventures, Magma Venture Partners and Vertex Venture Capital.

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He made the case that its subsidiary, Vickers Capital, which has a stake in the venture capital firm, Vertex, was undervalued.

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