Sam McCaffrey – Page 14

Bertelsmann bets on Wibbitz’s series C

The text-to-video platform developer took its total funding to more than $30m with a $20m round led by Bertelsmann Digital Media Investments.

SBI Group and Siam Commercial Bank contributed to the round, which will fund the mobile banking app developer’s international expansion.

Daily deals provider Global Savings Group has raised $22.4m from investors including Rocket Internet and Deutsche Telekom Venture Funds.

The deep learning technology developer has raised $40m in a series A+ round from a consortium including Samsung and Ant Financial.

Panasonic has acquired behavioural AI technology developer Arimo, three years after its Bloomberg Beta-backed series A round.

The marketing platform has secured series B financing from a consortium including Shutterstock and will use the cash to expand its team.

Quest Diagnostics will acquire Cleveland HeartLab, a cardiac diagnostics test provider spun out of Cleveland Clinic, or an undisclosed sum.

Hair-colouring brand Madison Reed will use the proceeds from the Comcast-led round to expand its brick-and-mortar colour bars.

Eight corporates including Comcast and Qualcomm are set to exit smart lock developer August Home in a purchase by Assa Abloy.

Chernin Group and JPMorgan Chase-backed financial management app developer Dave has raised $13.3m, according to a regulatory filing.

The telematics technology provider’s series B round included Salesforce Ventures, and took its total funding to more than $47m.

Location ranking platform Avux secured an undisclosed amount from Amadeus Ventures, which is putting together a development intiative.

The hearing aid developer has raised $32.4m from investors including Nan Fung Life Sciences for the first close of its series C round.

Leyou Technologies paid $10m for a 20% stake in game studio Certain Affinity and has an option to acquire it for up to $150m in 2021.