Dongfeng Motor spinoff Voyah secured $639m at a valuation topping $4bn while Intel Capital helped AI chip developer Astera raise $150m.
M&A
Enterprise software producer Salesforce is set to exit ServiceMax, a US-based developer of field service management software, in a $1.46bn acquisition by manufacturing software provider PTC. Its Salesforce Ventures unit was part of a consortium also including private equity firm Silver Lake that invested $80m in the company in early 2020.
Agricultural data provider FarmX is acquiring AutoModality, the US-based creator of an autonomous navigation system for mobile robotics systems like drones, for an undisclosed amount. AutoModality had raised $500,000 from Skyfund, the joint venture for drone manufacturer DJI and venture firm Accel, in 2017, adding $3.8m from industrial drone producer Autonomous Control Systems Laboratory and private equity firm LiteCap two years later.