BMW Innovation Lab 2018’s 10-week initiative will provide startups with advice and access to investors, and the corporate is also seeking innovators from within the company.
Author: Callum Cyrus
Ushr beckons GM to series A round
GeoDigital spinoff Ushr has secured $10m in a Forte Ventures-led round that included General Motors, and will use the cash to test its vehicle mapping software.
Matroid meets Intel in $10m round
Intel and New Enterprise Associates have co-led a series A round for computer vision startup Matroid, bringing its total funding to $13.5m.
Cofactor collects $18m in series A
Ascension Health and Wilson, Sonsini, Goodrich & Rosati contributed to the oncology therapy developer’s series A round, which was led by Menlo Ventures.
CMC kickstarts $2.2m innovation fund
Vietnam-based IT and telecom group CMC has launched a $2.2m innovation fund to help commercialise ideas from several IT-related sectors.
Tanker carries itself to new funding
Corporate venturing units Axa Strategic Ventures and InnovAllianz joined Idinvest Partners and Kima Ventures to invest $7.2m in encryption software developer Tanker.
Cambridge Medical Robotics clears $46m series A
The surgery robotics developer has added $26m from investors including ABB Technology Ventures to complete its series A round, 14 months after closing the first tranche.
Bayer and Ginkgo combine for $100m startup
Corporates Ginkgo Bioworks and Bayer have launched a plant microbiome technology startup that is equipped with $100m in series A funding.
FirstMinute Capital finds Tencent for $85m second close
FirstMinute Capital, a fund launched by Lastminute.com founder Brent Hoberman, has added $25m from backers including corporates Tencent and Nan Fung Group.
GV falls for Fauna in $25m series A
Alphabet’s GV, unit has participated in a series A round for Fauna, a US big data platform developer founded by ex-Twitter employees in 2012.
Light Polymers crystallises series B round
JSR Corporation has added an undisclosed amount to a series B round backed by Tokyo Electron, that stood at $5m as of July this year.
SES signs up for Seraphim Space Fund
The satellite operator has joined limited partners including Airbus and Telespazio, supplying an undisclosed amount for Seraphim Capital’s space-focused VC fund.
Aria arranges $18m
VMWare-backed cloud billing platform Aria Systems has secured $18m of capital in a Madison Bay Capital-led round, bringing its total funding to $150m.
Agrible taps into series B funding
Farming data provider Agrible has reached a $9.7m first close of a $15.7m series B round featuring existing investors The Andersons and Archer Daniels Midland.