Baidu has backed its first Israeli startup, investing US$3 million in video technology company Pixellot, according to a report by Reuters. The Tel Aviv-based video technology company will use the money to develop its unmanned cameras and technology for large outdoor events. The move reflects a sharp rise in Chinese companies investing in Israel over the past two years.

Earlier this year Baidu made its first move into the Israeli investment scene, funding capital firm Carmel Ventures, as Technode reported in October. The firm announced it had raised US$194 million from multiple strategic investors in Asia, including Baidu, Ping An Insurance, and Qihoo 360.

In August this year, Chinese computer manufacturer Lenovo Group Ltd. invested US$10 million in the Israeli- focused arm of Canaan Partners, while last November the venture arm of Chinese insurance giant Ping An created a US$100 million fund aimed at Israeli and U.S. startup partnerships.

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com