Qualcomm Ventures led a $100m round for Frore while MUFG Bank and Motilal Oswal Group participated in KreditBee’s $80m series D.

Ripple led a $72m series B round for crypto market maker Keyrock while liver disease drug developer iEcure raised $65m in a round co-led by Novo.

Lockheed Martin-backed Tempo Automation sealed its reverse merger while Strand Therapeutics upped a round featuring Eli Lilly and Beigene to $97m.

Sanofi Ventures took part in Escient Pharmaceuticals’ $120m series C round while Castrol India provided $60m for Ki Mobility Solutions.

BBVA was among the investors providing over $36m for digital bank Atom while LiDAR system developer Scantinel received more than $10m in a Zeiss-backed round.

G42 helped process automation technology provider The Applied AI Company raise $42m while Fox Cold Chain received $27.9m from investors including Mitsubishi.

ABB's electric vehicle charging offshoot raised over $200m while GV helped pecision therapeutics developer FogPharma pull in $178m.

Great Wall Motors spinoff SVolt has filed for a $2.1bn initial public offering while several corporates are set to exit online publisher Note in its own IPO.

Dongfeng Motor spinoff Voyah secured $639m at a valuation topping $4bn while Intel Capital helped AI chip developer Astera raise $150m.

Salesforce, Nikkei and NTT Docomo exited Evernote in a Bending Spoons acquisition, while Alexandria Venture Investments-backed Acrivon went public.

Pertamina and MDI Ventures are teaming up on a $500m energy fund while Trip.com and Legend Capital-backed hotel brand Atour floated on Nasdaq.

NCSoft invested $15m in Mysten Labs to take the latter’s series B round to $300m while Porsche backed Xanadu’s $100m series C.

Suzano and Yara participated in Agrolend’s $145m latest round while Xencor contributed to Zenas BioPharma’s $118m series B.

Several new entrants to the corporate venturing sector could keep the number of active units above their pre-pandemic highs.