Grab, Intouch Holdings, Carmenta and GeoPost all contributed to a series D round raised at a $590m valuation over the past year, alongside $89m in convertible debt financing.

Carmaker FAW Group joined Bank of China subsidiary BOCG Investment to provide $100m for lithium ceramic battery provider ProLogium.

Corporates Recruit and Alphabet have backed the series C round of Podium, which reportedly valued the customer engagement platform at about $1.5bn. This is one of the most notable deals in the digital marketing and adtech space, which has seen consistent corporate-backed deal flow in the past decade.

HPE, Cisco Investments and SoftBank Vision Fund chipped in as the data management platform developer more than doubled its valuation to $2.5bn.

Tencent has once again thrown its weight behind online food delivery platform Swiggy for a $43m extension that also featured Samsung Ventures, bringing the round's total size to $156m.

GV and Recruit both invested in a series C round that reportedly valued customer engagement platform developer Podium at about $1.5bn.

M12 participated in a round for University of Bristol spinout PsiQuantum, which is developing a quantum computer system.

Tencent and founding investor PLDT helped digital financial technology provider Voyager Innovations raise the first part of a new round.

AI-as-a-service provider Intellifusion attracted Tsinghua University’s investment arm for a round that will fund product development and marketing.

University of Bristol quantum computing spinout PsiQuantum has collected $215m in funding from investors including Microsoft.