A Reliance Industries subsidiary has agreed to buy the Qualcomm-backed multilingual technology developer in a cash deal worth $28.6m.
Author: Jack Hammond
Recruit to enrol blockchain startups in $25m fund
RSP Blockchain Fund will make investments in startups raising financing through token issues rather than equity rounds, its first portfolio company being Beam Development.
BASF commits $2m to Alchemist Accelerator
BASF Venture Capital has joined Alchemist Accelerator as a limited partner to develop digital technologies in the chemical industry.
Stellar Cyber collects $13.2m in series A
Digital Hearts has taken part in the $13.2m series A round that the security analytics platform will use to bolster its go-to-market expansion.
Zūm hails corporates for $40m series C
School transportation service Zūm has increased its overall to $67m following a BMW-led round, which included participation from Volvo.
Nivaura locks up $20m seed round
Fintech developer Nivaura has closed its seed round at $20m after closing a third tranche, with the capital coming from investors including London Stock Exchange, Transamerica, Santander, Linklaters and Orrick.
GV sees Lightmatter for series A extension
Alphabet’s venturing unit has led a $22m series A extension for MIT spinout Lightmatter, which increased the round’s total to $33m.
Cequence relies on Dell for $17m series B
Dell Technologies Capital has led a $17m series B round for Cequence Security and was joined by existing shareholder Shasta Ventures.
CCS connects to Adtran for $10m
Cambridge Communication System has received $10m in a funding round that included a $5m commitment from Adtran.
Moviebook reels in funding
The SenseTime and SBCVC-backed advertising technology developer has landed an investment from secondaries firm Tr Capital.
SpyCloud spots $21m series B
Microsoft’s corporate venturing unit has led a series B round for SpyCloud, which increased the cybersecurity platform’s overall funding to $28.5m.
GV identifies Obsidian for $20m round
Alphabet’s CVC unit has taken part in a $20m funding round for the identity protection platform, investing alongside Wing and existing backer Greylock Partners.
Aidence detects Rabobank for series A
Rabo Ventures has co-led the artificial intelligence-based medical imaging technology developer’s $11.3m series A alongside Inkef Capital.
WeWork helps Landit raise $13m series A
Career development platform Landit has reeled in $13m in a WeWork-led series A round that included commitments from Workday and Morgan Stanley.