Boeing and corporate venturing unit HorizonX are being sued by bankrupt former portfolio company Zunum over claims of technology theft and fraud.
Month: November 2020
DefenseStorm locks up $12m
The banking cybersecurity technology developer, which counts Washington Trust, Live Oak Bank and Citizens National Bank, as investors, has hit $47m in total funding.
TBM tables fresh funding
Aderans, DCM Holdings, Dentsu, Hakuhodo, Nippon TV, Nihon Kolmar, Settsu Warehouse, Shima Seiki, Yakuodo and Yodobashi Camera all backed the limestone-based material maker’s $19.7m round.
Mitsui Sumitomo hands $350m to Hippo
The property and casualty insuance provider nearly doubled its overall funding with a strategic investment by MS&AD subsidiary Mitsui Sumitomo.
Cars24 motors to $200m series E
KCK Global-backed automotive e-commerce marketplace Cars24 has secured a unicorn valuation in a round led by DST Global.
Metromile makes tracks to reverse merger
The Mitsui, China Pacific, AmTrust, Tokio Marine and Intact Financial-backed automotive insurer is teaming with Insu Acquisition Corp. II to form a business with a $1.3bn valuation.
STC Pay charges up with $200m
Western Union, which already partners the Saudi Telecom spinoff on cross-border money transfers, is acquiring a 15% stake in the digital wallet provider.
Tencent takes $150m to Waterdrop
Tencent is reportedly injecting more funding into WeChat-powered healthcare insurer Waterdrop ahead of a potential IPO at a projected $4bn valuation.
Chainalysis charges to $100m series C
The crypto anti-fraud software developer, which counts Mitsubishi UFJ Financial as an investor, has now raised $165m to date.
Telus tells of impact fund
Telus Pollinator Fund for Good is equipped with $76.5m to invest in developers of technology that can promote positive social and environmental impact.
Factory_OS constructs $55m series B round
Facebook, Google, Autodesk and Citi were among the participants in a round that will help modular housebuilder Factory_OS increase production.
Subtle Medical sucks in series A funds
Baidu-backed Subtle Medical produces AI-driven medical imaging software intended to work across different healthcare systems, and has raised $12.2m.
Vettery settles Hired acquisition
Comcast Ventures has exited the online talent marketplace, which was acquired shortly after a report claiming it ws set to close down.
Cheribundi squeezes $15m out of latest round
Tengelmann-backed Emil Capital Partners has returned to lead the fruit juice brand’s latest round, which will support its aim of capturing the sports recovery market segment.