May 2020 – Page 10

SenseTime sets out stall for $1bn

The Qualcomm, Alibaba, Suning and Dalian Wanda-backed artificial intelligence software provider is reportedly seeking a $9.5bn valuation.

Monzo seeks more funding

The Orange and Stripe-backed digital bank is reportedly in talks for up to $98m at a valuation topping $1.5bn, which would nevertheless represent a drop of near 40% from its last round.

Keep makes leap to $80m series E

Tencent and Bertelsmann Asia Investments returned for a round that pushed the online fitness community and product maker’s valuation past $1bn.

GlassPoint runs out of steam

Oil extraction technology developer GlassPoint had raised more than $130m from investors including Shell but has wound up in liquidation during the current economic climate.

Novastar accesses Axa for $108m fund

Axa Impact Fund is among the LPs for Africa-based venture firm Northstar Ventures’ second vehicle, having also backed its $80m first fund five years ago.

Data Grand takes $38m

The Haier and Legend Holdings-backed semantic computing technology provider secured funding in a series B-plus round led by Shenzhen Capital Group.

Matterport rattles the can for new funding

The 3D modelling software provider, which counts Qualcomm, PTC, Ericsson, CBRE and News Corp as investors, has raised $39.1m on its way to a targeted $45.8m close.