Having raised more than $150m, the new incubator will now focus on selecting startups.

The aerospace company will make strategic investments from its newly formed Boeing HorizonX unit and has already backed Upskill and Zunum Aero.

Shield AI, developer of an artificially intelligent military drone, has raised $10.5m in a round backed by Bloomberg Beta.

Chemical producer Nippon Shokubai will acquire monomer and derivative developer Sirrus, which had raised $35m in equity funding from investors including Mitsui and General Motors.

The LED technology developer, based on research conducted at Yale University, has raised $5m from investors led by Leyard.

Renewable biocarbon technology developer Cool Planet, backed by GV, Exelon, BP, JF Shea, General Electric, ConocoPhillips and NRG Energy, has raised $19.3m.

The industrial and consumer product maker has launched a corporate venturing arm called Henkel Ventures and expects to commit about $160m to the unit.

MSU agriculture data analytics spinout Cibo Technologies was co-founded by Bruno Basso to commercialise a forecasting approach centred on interactions between different nodes in the farming process.

Legend Capital has scored a significant exit as the graphite film producer, in which it held a share of almost 13%, floated in Shanghai.