Corporate venturing units GV and Telstra Ventures have contributed to a $25m expansion to record digitisation platform Ripcord's series B round.
GV, a corporate venturing vehicle for internet technology conglomerate Alphabet, has led a $25m extension to a series B round for US-based robotics technology developer Ripcord that now totals $65m.
Telstra Ventures, the corporate venturing arm of telecommunications firm Telstra, also invested, as did venture capital-focused financial services provider Silicon Valley Bank and VC firms Icon Ventures, Kleiner Perkins Caufield & Byers (KPCB) and Lux Capital.
Icon Ventures had led the $40m first tranche of the round in August…
