Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Sea Machines Robotics, a US-based developer of autonomous control and sensor systems for use in marine vehicles, completed a $10m series A round on Monday that included Toyota AI Ventures, the strategic investment arm of carmaker Toyota, and boating brand owner Brunswick Corporation, which took part through partner TechNexus Venture Collaborative. The round was co-led by Accomplice and Eniac Ventures, and also featured LaunchCapital, LDV Capital, NextGen VP and Geekdom Fund. Sea Machines had previously raised $1.5m in May 2017.
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