Born out of the Stanford Virtual Human Interaction Lab, Strivr uses virtual reality to train athletes and employees and has now collected $51m in funding altogether.

Tiger Global Management has acquired a stake in SoftBank-backed Bytedance, which is now valued at up to $100bn, over the past couple of years.

Niantic has purchased University of Oxford’s augmented reality engine developer 6D.ai and will use the spinout’s technology for large-scale mapping for its games.

The online streaming service, which had raised $95m from SingTel, Warner Bros and Sony Pictures, has filed for liquidation following a failure to scale in the fact of stiff competition.

Snoot Entertainment helped Star Citizen developer Cloud Imperium secure $17.3m in funding having invested at a $496m post-money valuation in 2018.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Gaming and internet company Kunlun is committing about $140m to the internet and AI-focused fund as one of its two cornerstone investors.

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.

Alibaba Pictures is investing $56.5m for 60% of the Yinhekuyu's shareholding, its sister company Youku already having taken a 20% stake.

The online dating group intends to invest up to $5m at seed to series B stage through a strategic fund that has already made its first deal.