(Telecompaper) IndoorAtlas, a provider in magnetic positioning technology for indoor location, agreed to a USD 10 million investment from Chinese search engine Baidu. IndoorAtlas also announced it is signing an exclusive agreement for the Chinese market with Baidu. Through this partnership, Baidu intends to strengthen its indoor mapping offering in China. The company will be using the funding towards ramping up R&D, engineering and business development in the US, Asia, and Europe.