Lockheed Martin, SAIC and Maxar Technologies have all become sponsors of a new space-focused accelerator targeting industries including communications, energy and robotics.
Month: February 2019
Ascletis helps 3-V ascend to series E
Ascletis has led new strategic partner 3-V Biosciences’ $18m series E round, which included existing investors New Enterprise Associates and Kleiner Perkins.
Corporates chip into AIStorm’s series A round
Egis Technology, TowerJazz, Meyer Corporation and Linear Dimensions have provided $13.2m for AI-in-sensor processor developer AIStorm.
Straub gets the rub at Bioventure
Siemens Technology Accelerator venture director Nico Straub has taken a partner position at Bioventure Consulting after nearly six years at the unit.
Flexport courts SoftBank for $500m round
SoftBank is reportedly in talks to lead a $500m round for shipping services platform Flexport at a possible valuation of $3bn.
Douyu cues up $500m IPO
Tencent-backed Douyu has confidentially filed to go public in the US, following another Chinese livestreaming platform, Huya, which floated last year.
Mistubishi energises Ovo with seven-figure investment
The conglomerate has paid approximately $256m for a 20% stake in smart energy distributor and technology provider Ovo Energy.
Sina rides TuSimple to $95m series D
Existing backer Sina returned a second time to lead a $95m series D round for autonomous truck developer TuSimple, which has now raised a total of $178m from investors also including Nvidia.
InfluxData sucks in $60m
Bloomberg-backed data analytics platform InfluxData has completed a $60m series D round led by Norwest Venture Partners, almost doubling its overall funding in the process.
May Mobility makes $22m in series A
LG Technology Ventures, BMW i Ventures and Toyota AI Ventures have contributed to a $22m round that increased the shuttle bus provider’s total funding to $37m.
MML seeks corporate commitments for second fund
The Irish private equity investor is reportedly approaching AIG, Goldpoint and Cigna, all of which backed the firm’s debut vehicle in 2013, for commitments to its Fund II.
DMP maps out Ushr acquisition
Corporate venturing unit GM Ventures is set to exit high-definition mapping software provider Ushr in an acquisition by Dynamic Map Platform.
Krungsri Finnovate banks on another $30m
Krungsri Finnovate, formed by the eponymous Thai bank in mid-2017, could be doubled in size to $60m as it looks to increase the size of its investments.
The Association picks its 2019 winners
Trade body Association of International Certified Professional Accountants has selected fintech startups Gappify, Client Hub and Dryrun as winners in its 2019 accelerator cohort.