Genesis Innovation Group’s Cultivate(MD) vehicle has raised $7.2m of a targeted $10m fund that will invest in early-stage healthcare technology developers.
Month: March 2018
Palo Alto Networks pays $300m to secure Evident.io
Cloud security software developer Evident.io, which had raised about $49m from investors including GV, has agreed to an acquisition by Palo Alto Networks for $300m in cash.
Fishbrain catches SoftBank in series B round
The SoftBank Ventures Korea-led round increased the angling social network’s total funding to $28m, though existing backer Recruit did not participate.
BioCatch takes hold of $30m
CreditEase and American Express Ventures participated in a round that took the total raised by the fraud and cyber threat detection platform to $47m.
Gousto takes delivery of new funding
The Unilever-backed meal-kit delivery service has received $39.8m from Hargreave Hale, Angel CoFund, MMC Ventures and BGF Ventures to more than double its total funding.
Helsinn goes On Target in $44m round
On Target Laboratories has closed its series B round at $44m after an $11.1m extension featuring Helsinn, following an initial tranche led by Johnson & Johnson in September.
HB Reavis plots $58m CIC deal
Cambridge Innovation Center has attracted $58m in funding from property developer HB Reavis to add additional locations to its network of innovation campuses.
Baidu cooks up $160m for Coocaa
A Baidu subsidiary will take an 11% stake in Skyworth’s smart TV spinout, which also counts Tencent and iQiyi as backers, after buying primary and secondary shares.
Magna comes louder in $200m Lyft deal
On-demand ride service Lyft has received $200m from automotive systems maker Magna International at an $11.7bn valuation as part of an autonomous driving partnership.
Walmart weighs up $7bn Flipkart investment
Talks between the companies are reportedly at a critical stage and could involve Walmart buying shares from corporate investor SoftBank at a $20bn valuation.
Eight rests $14m in its account
Khosla Ventures has led the Comcast-backed smart mattress producer’s series B round, increasing its overall funding to $27m.
The strategic necessity of university innovation tools
University corner: innovation tools
Eni lights $50m fuse for CFS
MIT spinout Commonwealth Fusion Systems has launched with $50m in capital from energy utility Eni to develop fusion power.
Luminate lights its way from stealth with $14m
Enterprise security technology developer Luminate Security has received $14m across two rounds from investors including Microsoft ScaleUp.