4Paradigm has now won backing from Tsinghua University Science Park for its technology, which helps clients build AI apps for purposes including financial services.

The round reportedly valued the online food ordering platform at $3.3bn and was led by $660m from Naspers, while Meituan Dianping and Tencent also invested.

Telematics system developer and MIT spinout Cambridge Mobile Telematics has raised $500m from Vision Fund that will be used for product development.

MRL Ventures Fund and Roche Fund have taken part in the intracellular drug developer's series A round, which will fund clinical trials of its lead program.

Goldman Sachs invested $35m in the Grace Beauty-backed eco-friendly footwear brand that will be used to expand its retail presence in the US.

Brand Capital contributed to a $35m round for the AI-based examination preparation app, which raised the money at a valuation of up to $200m.

Telematics system developer and MIT spinout Cambridge Mobile Telematics has raised $500m from Vision Fund that will be used for product development.

Bristol-linked Graphcore has raised cash from Microsoft, Samsung, BMW i Ventures, Robert Bosch Venture Capital and Dell Technologies Capital at a valuation of $1.7bn.

Pulmonary arterial hypertension therapy business Morphogen-IX has been backed by Cambridge Enterprise and Cambridge Innovation Capital in a $23.3m round.

StartX-backed Lighthouse AI failed to garner enough commercial interest in its interactive household camera despite raising $17m in funding.