The artificial intelligence software provider, which counts Alibaba, Qualcomm, Suning and Dalian Wanda as investors, is looking to raise about $2bn in funding.
Month: January 2019
Slack slides in plans for direct listing
Slack, which is backed by Comcast Ventures, SoftBank and GV, and valued at $7.1bn, is set to forego an initial public offering and instead opt for a direct listing.
Homeking reigns in series C round
The household services marketplace has secured $44.3m in a Haier Capital-led round that included IDG Capital and Puhua Capital.
Lambda School passes $30m exam
The computer science academy has raised series B funding at a $150m valuation from investors including GV, three months after closing its series A round.
Meniga gives Wrapp investors an exit reward
Meniga has bought Wrapp, the retail rewards platform that had raised at least $34m from investors including Qualcomm, H&M, Klarna and American Express, in an all-share deal.
Beta Bionics bets on corporates in $63m round
Zealand and Dexom has contributed to a $13m extension to the artificial pancreas developer’s series B round, which also includes Novo Nordisk.
Medbanks checks in series D funding
Tencent and CLP Fund helped provide $58.8m of funding for the cancer data platform developer, whose early investors include Ping An.
Managed by Q maxes series C funding to $55m
DivCo West and Oxford Properties joined existing investors GV and RRE Ventures to add $25m to the office services provider’s series C round.
Biond Biologics forms corporate bonds to raise $17m
Celgene has taken part in a Harel Insurance Finance-led series B round that will fund the progress of Biond’s lead immuno-oncology drug into clinical trials.
CTA sets up $10m diversity fund
The Consumer Technology Association’s newly formed fund will target startups and funds focusing on underrepresented groups such as women and people of colour.
Susquehanna Growth Equity puts $35m into Poppulo
The employee communication software provider will use SGE’s investment to expand its operations internationally.
News round up 14 January 2019
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
NTT Docomo Ventures calls in Asada
Ken Asada has left his investment director position at Intel Capital to become managing director at NTT Docomo Ventures.
Analysis: CarDekho crafts $110m
India-based vehicle marketplace CarDekho closed a $110m CapitalG-backed round in the beginning of January, being the first notable deal for this year in the vehicle marketplace space.