GenNext Ventures, the venture investing arm of Mukesh Ambani, is backing Kolkata-based video surveillance technology maker Videonetics Technologies. Videonetics develops a range of video management and analytic software and has filed over 20 patents. This is the first round of institutional funding for the six-year old company that counts the Airports Authority of India, Mushriff Mall & Capital Plaza Mall in Abu Dhabi and Kuwait’s Information and Communication Ministry as customers.
Source: Economic Times
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