The Saudi Telecom-anchored STV led the round, while Raed Ventures also invested in cloud communications technology provider Unifonic.

Cass Entrepreneurship Fund has returned to back a $3.9m funding round for Raremark, which is working on delivering precision medicine for patients suffering from rare diseases.

Qpex has raised $33m in series A funding from Stanford University Draper Fund and others after spinning out of the Medicines Company to develop drugs targeting superbugs.

Johnson & Johnson was among the investors in a $54.5m series A round for CuraSen Therapeutics, which is commercialising research from Stanford University.

Johnson & Johnson Innovation – JJDC was among the investors in CuraSen Therapeutics' $54.5m series A round, which was led by New Leaf Venture Partners.

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

AI software development tool provider Paperspace got backing from Intel Capital in a series A round that will support its upcoming product launches.

Deutsche Bahn subsidiary DB Digital Ventures has participated in a round that will support the growth of Kepler Communications' satellite internet network.

Cryptocurrency portfolio management platform Blockfolio has won backing from digital currency exchange operators Bitmex and Huobi in an $11.5m round.

XTX Ventures participated in a series A round for blockchain technology developer Clearmatics that was led by Route 66 Ventures.