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Gatespace receives USD 11 million in first round of financing

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The Swedish start-up Gatespace announced today that it has received $ 11 million in a first round of financing. The group of European and US investors includes: Morgan Stanley Dean Witter, Fuqua Venture Partners, European Equity Partners, Pythagoras Participations, Investment AB Bure and T-bolaget. The new funds enable rapid expansion of Gatespace's development of products for services gateways for intelligent residential, automotive and industrial applications.