Alibaba, Lenovo, Tuling Century and iFlytek are in line to exit the artificial intelligence chip producer, which was valued at $2.5bn as of 2018.
Month: March 2020
Novartis helps plant $100m in Pliant
Pliant Therapeutics has attracted $100m in a series C round led by Novartis, four years after it was founded to commercialise UC San Francisco research into fibrosis treatment.
Akouos activates $105m series B
Existing investors Novartis Venture Fund and Partners Innovation Fund chipped in as the hearing loss therapy developer closed its latest round.
Corporates respond to APB with investment
JFE Chemical, JXTG, Nagase, Obayashi, Teijin and Yokogawa Electric backed a $74.4m round for the polymer-based battery producer.
ABB annexes Cylon Controls
The HVAC control system provider has agreed to a purchase by ABB that will allow ESB Novusmodus Fund to exit six years after its investment.
Sensel signs up for $28m series A
Touch sensor developer Sensel increased its total funding to $38m, closing the second tranche of a round including Smit and Susquehanna International Group.
Tricog logs series B funding
Aflac Ventures has invested in cardiac diagnosis system developer Tricog Health as part of a $10.5m round that took its total funding to more than $17m.
Rau leaves PayU for Pine Labs work
Amrish Rau, who headed investments for PayU, has taken on the CEO role at corporate-backed merchant services provider Pine Labs.
Mandatum Life backs Innovator’s insurance tech fund
Venture firm Innovestor has raised $32.6m from LPs including existing backer Mandatum Life for the first close of an industrial tech fund.
Nestaway nets StayAbode in acquisition deal
Voyage Group and Akatsuki’s AET Fund both exited co-living space operator StayAbode, which has been bought by NestAway in a cash-and-equity transaction.
Affle clears space for Mediasmart
Programmatic marketing platform developer Mediasmart has agreed to an acquisition after raising at least $4.1m from investors including Mobile Dreams Factory.
Mech-Mind makes series B round
The industrial robotics technology developer has followed up an Intel Capital investment last August with $14.3m in a round led by Sequoia Capital China.
Nuanwa books in series A funding
Zhonghan Insurance’s online health insurance services spinoff Zuanwa almost doubled its total funding to nearly $29m with a $14.1m round featuring Longfor Properties.
Waymo’s funding drives autonomous vehicles forward
Congratulations to GCV Emerging Leaders Awards 2020 winner Sherry House, head of corporate development at Waymo, and the team under CEO John Krafcik, for its success in raising $2.25bn in its first external funding round.