Lockheed Martin doubled the size of its venture arm to $400m while Ingevity, Geely, SKC and Daishin participated in Nexeon’s $170m series A round.
M&A
Car vision technology provider Nexar is set to acquire Veniam, a Portugal-based vehicle communications service backed by telecommunications firms Verizon and Orange, networking equipment manufacturer Cisco and motor equipment producer Yamaha Motor, for an undisclosed amount. The company had closed a $22m series B round in 2016 that took its total funding to nearly $27m.
Funds
Lockheed Martin Ventures, the early-stage investment arm of aerospace manufacturer Lockheed Martin, has had its capital allocation doubled from $200m…
