Intel will use technology developed by the drone producer, already an Intel Capital portfolio company, to beef up its RealSense drone depth-sensing system.
Month: January 2016
Editas aims for $100m in IPO
The Google Ventures-backed genome editing technology company has raised $163m in equity across two rounds.
Greenwave connects to E.ON for $45m series C
The IoT management system producer secured the fresh funding in a round raised over two tranches, in addition to a $15m debt facility, bringing its overall financing to $90m.
Corvus eyes $115m in IPO
Novo and Roche-backed Corvus has raised more than $108m in venture funding in just over a year and will spend the IPO proceeds on developiing its immuno-oncology therapies.
Zhaogang shows steel with $153m series E
The business-to-business steel trading platform, which counts IDG among its investors, has now secured $290 in total and is gearing up for an IPO in China.
LVMH luxuriates in new firm
Luxury goods company LVMH has joined Groupe Arnault and Catterton, two firms it already backs, to set up a private equity firm focused on the consumer sector.
Lyft parks $1bn in its account
The ride ordering company has confirmed a $1bn round featuring General Motors, which invested $500m, Rakuten, Alibaba and Didi Kuaidi.
Ford combines with Techstars for mobility accelerator
Techstars Mobility, Driven by Detroit will invest $120,000 in 12 mobility technology startups, with data analytics, flexible ownership and connectivity among the areas considered.
SoftBank makes Legendary exit as Wanda invests
Dalian Wanda is acquiring a stake of over 50% in film studio Legendary Entertainment at a valuation of up to $4bn, allowing SoftBank and Waddell & Reid to exit.
2016 outlook: tech to watch part two
Yesterday, in the first part of this outlook in Global Corporate Venturing, we covered genome editing tools that could change life and their progeny and a possible future evolution of computing to support artificial intelligence through quantum computing. These themes were built on historian Yuval Harari’s idea that we are in a “second Industrial Revolution,… Continue reading 2016 outlook: tech to watch part two
Zipnosis captivates corporates for series A
Fairview Health Services and Ascension have participated in a $17m round as Zipnosis prepares to add support for chronic conditions to its virtual care platform.
Reata to pump in $80m in IPO
Novo and AbbVie-backed Reata plans to use the proceeds to fund a series of clinical trials for its hypertension treatments.
GM pays $500m to hail Lyft
Lyft followed $248m in funding last month with a $500m investment by General Motors, and the two have also formed a strategic partnership.
Ant Financial to raise up to $1.5bn
Alibaba’s financial services affiliate, which closed funding at a $50bn valuation last year, is raising the capital ahead of a future initial public offering.