The move came after the satellite wifi service developer reportedly failed to raise $2bn from investors including existing backer SoftBank Vision Fund.

Vodafone, Deutsche Telekom and Qualcomm are all set to exit the mobile network technology producer, which had raised just over $140m.

Infosys's stake in the data organisation platform developer, which has raised $24.5m, has been dissolved in an acquisition by Hitachi Vantara.

Naspers subsidiary OLX Group led a $120m round for the e-commerce app developers, which have agreed to merge, and will own 40% of the combined entity.

Salesforce Ventures is set to exit the MuleSoft consultancy in an acqusition by Capgemini less than six months after it invested.

Online streaming service FuboTV, which has raised nearly $150m from investors including Sky, AMC, Discovery, Univision and 21st Century Fox, is set to merge with FaceBank.

ZipTel will be rebranded as Douugh following its acquisition of the neobank, which counts Choice Financial and Monex among its investors.

The satellite internet system developer is having cashflow issues having previously secured more than $3.4bn from a consortium of corporates including SoftBank and Qualcomm.

Salesforce is set to exit cybersecurity software producer Checkmarx after Hellman & Friedman agreed to buy a majority share at a $1.15bn valuation.

North Wearables, the Intel and Amazon-backed AR glasses developer formerly known as Thalmic Labs, has raised $170m over eight years but could run out of cash within four months.