February 2021 – Page 6

Shield AI covers $90m series C

Point72 Ventures led a series C round for Bloomberg Beta-backed Shield AI, which will use the cash to expand its drone software product.

Strategic partner Thermo Fisher Scientific was among the participants in a series B round for the diagnostics technology producer.

John Cockerill and Air Liquide-backed Xylowatt has declared bankruptcy after failing to build a market for its biomass energy technology.

Novo supported the first close of 2150’s debut fund, which was anchored by NREP, the property developer that also incubated the venture firm.

IA Financial Group, Equitable Bank and National Bank of Canada all took part in the latest round for the financial education platform provider.

Tencent was among the investors in the remote network software provider’s latest round, which came seven months after an eight-figure dollar round.

The corporate investors have secured $77.3m for a venture capital fund which will back data intelligence technology developers.

GV has joined various returning investors to back the parenting technology provider’s series C round, which lifted its total funding to $75m.

Verizon’s corporate venturing arm and Alarm.co helped Origin secure funding that will fund commercialisation of its the motion-sensing technology.

The AI accelerator technology developer raised an eight-figure dollar amount in a round led by a China Mobile-backed investment vehicle.

Academic answer provider Instasolv has agreed to be acquired by Vedantu eight months after receiving $2m in funding from the latter.

Q&A with Radhika Malik, senior investment manager, Samsung Catalyst Fund

The K-shaped covid economy, where some companies and individuals do well even if the majority struggle, is shown in a number of ways.

Mitsui-backed Lucid will be valued at $11.8bn once the deal closes, as it prepares to commercially launch its all-electric luxury sedan.