Citrix-backed Wise.io is one of three companies GE has acquired this week in a bid to strengthen its Predix industrial internet platform.
Month: November 2016
GV colours in $48.5m Magenta series A
Biotechnology developer Magenta Therapeutics, which exploits Harvard research, has launched with series A funding provided by investors including Alphabet.
Sauce Labs tastes $70m
Salesforce-backed Sauce Labs has attracted $70m to further develop its platform, which lets developers test their web and mobile applications.
Phononic acclimatises to series D with $71m
Phononic, a US-based producer of heating and cooling technology, closed a $71m series D round yesterday backed by healthcare system Rex Healthcare, after financial services firm UBS provided a $40m extension. UBS invested in the round through its wealth management subsidiary. Rex Healthcare’s corporate venturing arm, Rex Healthcare Ventures, participated in its $31m first close… Continue reading Phononic acclimatises to series D with $71m
IDG enters talks with Chinese consortium over acquisition
The media group could be sold for between $500m and $1bn to a Chinese consortium headed by the founder of its Chinese venture capital affiliate.
BeyondSpring looks to weather public markets
Nereus Pharmaceuticals is set to record an exit from BeyondSpring, which is targeting $100m in its initial public offering.
Souche sources $100m in series C round
Ant Financial and Ucar will collaborate with the automotive trading platform, after making strategic investments that will add to the $11m in funding it raised in 2013.
Siemplify eases into $10m
The cybersecurity software startup, a graduate of Microsoft Accelerator in Tel Aviv, closed a $10m round just nine months after raising $4m in seed funding.
Echo Health Ventures to sound out healthcare startups
Health services provider Cambia Health and corporate venturing unit Mosaic Health Solutions combined yesterday to launch a US-based strategic investment vehicle called Echo Health Ventures. Echo Health will operate nationwide, from offices in North Carolina, Oregon and Washington State, investing across all stages of the healthcare ecosystem as well as managing the portfolios of its… Continue reading Echo Health Ventures to sound out healthcare startups
CareCloud completes series C round
PNC and First Data joined existing investor Intel Capital in a $31.5m round that increased the medical software provider’s overall financing to more than $130m.
Startup Zen proves mindful of flotation
Startup Zen, a China-based co-working space operator backed by technology research firm International Data Group, has floated on the New Third Board exchange, China Money Network reported yesterday. Founded in 2013, Startup Zen operates co-working spaces in Beijing, Shanghai and Shenzhen, and claims to have more than 200 teams among its tenants. In addition to… Continue reading Startup Zen proves mindful of flotation
Quantopian calculates $25m in series C proceeds
Getco-backed investment algorithm platform developer Quantopian will invest the cash in improving its product and education material, and acquiring additional datasets.
Convoy helps spice up Nutmeg with $37m
Convoy has led a $37.2m round for digital wealth manager Nutmeg, doubling its total funding to about $74m in the process.
Intel pledges $250m for autonomous driving investments
Intel Capital, which formed a $100m Connected Car Fund in 2012, plans to provide $250m for autonomous driving technology developers in the next two years.