Mobile advertising platform InMobi, which has received more than $200m in funding from SoftBank, would be valued at up to $2bn in the deal.

Cosmetic surgery chain Pengai Hospital Management is set to go public in Hong Kong after raising $13.6m from investors including IDG.

Kaiser Permanente-backed Valeritas could raise up to $80m from the initial public offering, and will use the lion's share to market its insulin delivery device.

Novartis and Johnson & Johnson-backed Catalyst has signed an agreement to form a newly merged company with Targacept, and will retain a majority stake of 65%.

The Renren-backed alternative lending platform is looking to go public later this year at a $3.5bn valuation, more than double that at which it raised money last month.

Stitch, the developer of an assistance app for salespeople, raised $3.25m in seed funding last year from investors including Google Ventures.

Deal Analysis for February

With the slow recovery from the financial crisis and divestiture strategies undertaken by some big players, 2014 was marked by numerous exits by corporate investors in the industrials sector.

The Siemens-backed cybersecurity startup, founded in 2013, had reportedly raised about $2m in funding.

Exercise plan provider FitStar, which had raised $5m from investors including Google Ventures, is set to be acquired by the wearable fitness device maker.