GCV recorded just 205 deals worth $7.42bn involving corporate investors from the IT sector in Q2. That is down more than 60% from last year.

Maersk Growth took part in Afresh’s $115m series B round while ZeroFox acquired a Nasdaq listing when it completed a reverse takeover.

Lockheed Martin doubled the size of its venture arm to $400m while Ingevity, Geely, SKC and Daishin participated in Nexeon’s $170m series A round.

Social Leverage Acquisition Corp I will acquire AMD and ConsenSys-backed W3BCloud while China Life took part in a $300m round for Taibang Biologic.

Actis is set to acquire a majority stake in Mitsui and Equinor-backed Yellow Door Energy while GMO, Yara International and Digital Garage all backed Jai Kisan's $50m series B round.

Deutsche Telekom and Salesforce-backed PerimeterX is joining forces with Human Security while M12 and Alexandria Venture Investments took part in Ozette’s $26m series A round.

360 Security and CATL helped Hozon Auto close a $1.5bn series D while Origin Energy and Tokyo Gas backed a $550m round for Octopus Energy.

Novartis and Cigna Ventures were part of Cleerly’s $192m series C round while Aptos Labs secured $150m from investors including FTX, Circle and Jump Trading.

Google, Chevron and Sumitomo were part of fusion power system developer TAE’s $250m series G2 while GMO VenturePartners and Christie's Ventures formed new funds.

Bertelsmann vehicle BAI Capital co-led a $150m C2 round for payment card provider Stori while Sram and Mram supplied $100m in series A funding for blockchain ecosystem developer 5ire.