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NTT to accelerate investment in US early-stage startups

California-based $500m VC arm seeks deals in health care and teleworking tech

Eko, which develops digital stethoscopes, is one of the startups in which NTTVC has invested. (Photo courtesy of NTTVC)

TOKYO -- Nippon Telegraph and Telephone's $500 million U.S. venture capital arm plans to invest in more local startups as the Japanese telecommunications group looks to boost its overseas footprint.

NTTVC, based in Palo Alto, California, recently co-led a $30 million funding round for U.S. startup Celona, which helps enterprises build private 5G mobile networks.

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