Scyfer, a spinout from University of Amsterdam that is working on machine learning technology, has been acquired by Qualcomm for an undisclosed sum.

Savings and investment platform Savedo, which had raised about $12m, was backed by WeltN24 and has now been acquired by Deposit Solutions.

The Hut Group has paid an undisclosed amount to acquire Rocket Internet-backed cosmetics subscription service Glossybox in a deal that will help it grow geographically.

Fayteq, a real-time video editing technology developer spun out of TU Ilmenau, has been acquired by Facebook for an undisclosed sum.

Raine Group and Temasek have reportedly acquired a majority stake in beleaguered, Twitter and Chernin Group-backed music streaming platform SoundCloud.

University of Plymouth has launched Vaccine Group, a vaccine developer based on research by Michael Jarvis, associate professor in virology and immunology.

Roivant Sciences, which is developing a range of drugs through various subsidiaries, has secured $1.1bn in a round led by the $93bn Vision Fund.

Institute of Science and Technology Austria has joined forces with Lansdowne Partners to establish a seed fund primarily aimed at spinouts domestically and internationally.