The Databricks AI Fund is the second fund at Databricks Ventures.
Category: News
Porsche Ventures backs extreme-weather battery developer South 8
The startup, which makes batteries designed to perform better in extreme heat and cold, also has Lockheed Martin, LG, Taiyo Nippon Sanso and Shell as backers.
Kaur joins Zscaler’s corporate venturing unit
Gundeep Kaur is coming in to formalise and accelerate the mergers and acquisitions strategy at the US cloud security company.
Kim takes over Samsung Ventures America
After leading Ericsson Ventures for a decade, Albert Kim joins Samsung as executive vice president and head of Americas CVC.
Meirom leaves Sony Innovation Fund
After five years at Sony Innovation Fund, Roy Meirom has left his position as investment director at the CVC.
Gawendo leaves Telefónica Ventures
The former managing director of the Spanish telecommunications company’s investment unit has not disclosed where she is going next.
Termignon leaves Orange Ventures
Emilie Termignon, formerly executive president and head of finance at Orange’s venture offshoot, has joined Eurazeo’s VC group as CFO.
UK business services firm Capita winds down CVC arm
The UK’s largest business services group is discontinuing its corporate venture capital arm after the parent company reported financial losses in 2023.
Torq Ventures opens regional office in Chile
As part of its expansion across Latin America, Torq Ventures has launched its first regional office outside of Brazil.
Sinclair and TelevisaUnivision earmark $50m for media fund
The mass media firms committed to Mercurius Media Capital’s new media-for-equity initiative, which is aiming to double its size by next year.
Marotta progresses at Terna Forward
Marotta will continue to work for Terna’s CVC unit, having relocated from Italy to Silicon Valley for an international innovation specialist role.
Tritt gets promoted at Schreiber Ventures
GCV Rising Star Blair Tritt was appointed VP of CVC and partnerships at the milk-based food producer’s investment arm.
Gaming sector sees surge of interest from corporate investors
The gaming sector saw a surge in interest from corporate investors in April. Deals in India and China are also bouncing back.
Samsung Next shuts down its Israel office
Samsung Next’s US investor team will take over the relationship with partners and portfolio companies previously handled out of Israel.