Direct Line and Sistema are exiting Five, a developer of self-driving software testing technology, in a deal intended to give Robert Bosch an end-to-end autonomous driving technology offering.
Category: News
Snap’s Yellow Accelerator unveils fifth cohort
The messaging platform developer has revealed the latest eight companies to take part in its 13-week startup programme.
Daily Deal Round Up: April 13, 2022
Decentralised finance technology developer BloXroute raised $70m in a round led by SoftBank Vision Fund 2 while Ackermans & van Haaren helped digital health technology developer Medikabazaar score a $700m valuation.
Bertelsmann collars Coesfeld to head investments
Carsten Coesfeld will run the media group’s corporate venture capital activities as CEO of Bertelsmann Investments from the start of June.
Voyager Innovations sails to $210m
SIG Venture Capital led a round also backed by Tencent and PLDT that will help the mobile financial services provider launch additional products for its neobank.
Pax8 tacks on $185m
SoftBank Vision Fund 2 led a round for cloud software marketplace Pax8 that included Liberty Global Ventures at a $1.7bn valuation.
Observe.AI calls in $125m series C
The AI-powered call centre technology developer raised fresh capital in a round led by SoftBank Vision Fund 2 that also featured Zoom, Next47 and NGP Capital.
Northwell brings forth $100m healthcare incubator
Northwell Health has teamed up with venture studio Aegis Ventures to form a platform which will seed AI-powered healthcare technology developers.
Aurion Biotech advances with $120m
Alcon was among the participants in a round representing the first funding to be disclosed by the cellular ophthalmology therapeutics developer.
Perforce pursues Puppet acquisition
The software automation technology provider has agreed to be taken over by Perforce having raised $127m from investors including Alphabet, Cisco and VMWare.
Bakrie acts on $30m Quantum Ventures fund
Quamntum Ventures’ debut fund is anchored by conglomerate Bakrie & Brothers and has so far built up a five-strong portfolio.
Daily Deal Round Up: April 12, 2022
Recombinant protein technology provider Healthgen netted over $87m while shared living space provider Hmlet is buying corporate-backed peer Habyt and Uniswap Labs is launching an investment vehicle.
SoftBank to spin off Latin America fund
The corporate’s Latin America fund will transition to an independent vehicle called Upload Ventures which will invest approximately $100m each year.
Epic Games scores $2bn in corporate funding
Sony and Lego owner Kirkbi each supplied $1bn in funding for the video game publisher and technology provider, valuing it at $31.5bn.