The cloud enterprise platform, backed by Sapphire Ventures, is set to make its debut on Nasdaq today after securing nearly $238m in an initial public offering yesterday.

Spotify is in advanced talks to acquire SoundCloud, which was reported to be talking to Twitter about a sale until the social media company withdrew from negotiations in 2014.

AKM Systems-backed online education marketplace EduKart has been acqui-hired by One97 Communications, after raising $2m in VC funding since 2011.

Nokia's corporate venturing unit has exited cloud enterprise software company Intermedia, four years after investing in the company.

Itochu and Intel-backed cybersecurity company ForeScout has entered talks with investment banks to underwrite an IPO that could value it at up to $1bn.

China-based data analysis software producer Gridsum Holding has floated in the US, giving exits to Nokia Growth Partners and Disney affiliate Steamboat Ventures.

The drone-sourced data provider had raised $3.2m from Engie, Groupe Monnoyeur and its new owner Airware, which invested through its Commercial Drone Fund.

The business management software producer floated above its range in an offering that allowed Cisco to exit, and which could reach $110m in size.

The Malin-backed dermatology treatment developer floated at the bottom of its range, but is currently 65% up after its first day of trading.

API.ai, backed by corporates Motorola Solutions, Intel, SAIC Motors and Alpine Electronics, has been acquired by Google for an undisclosed amount.