BAIC Capital and the multi-corporate backed AI Alliance both featured in a round that brought automotive radar chip developer Arbe's total funding to $54m.

Bertelsmann India Investments and Sistema Asia Fund returned to invest in a round that reportedly valued the online food retailer at up to $300m.

Massive open online course provider XuetangX, a Tsinghua University spinout, has sealed series B funding to bring its lifetime haul to $46.9m.

Tsinghua University-backed Meten Education will merge with EdtechX to pursue market share with Chinese students and young professionals.

Intel Capital has scored an exit after its parent company bought AI training technology provider Habana in a $2bn deal.

The insurance group has closed its Ping An Capital subsidiary's second consumer-focused fund, the vehicle having committed more than half its capital already.

Praveen Akkiraju has left his managing partner role at Vision Fund manager SoftBank Investment Advisers after less than two years.

Cafeteria management platform developer HungerBox has raised money in a series A round that included Paytm and existing backer Neoplux.

Salesforce Ventures invested in an $18m round that will fund acquisitions for the cloud tools and services provider, which said it has now raised $26m in total.

While Silicon Valley may dominate the headlines, there are many other technology hubs, specifically in the Asia-Pacific market, making significant strides when it comes to building up their startup ecosystems.