Hike, the developer of a free mobile messaging app, has now raised $21m from Bharti Softbank Holdings and has passed 15 million users.

Semiconductor technology company Adapteva has closed $3.6m in series B funding led by Carmel Ventures and Ericsson.

MobStac, a platform that provides a mobile-specific e-commerce experience, has raised $2m in series B funding.

Merck Serono and GlaxoSmithKline have both invested in a $15m round for the biopharmaceutical company, which is focusing its treatments on the Chinese market.

Baxter Ventures, the corporate venturing unit behind US pharmaceutical company Baxter International, has invested $50.7m in a series B round of funding for Covagen, a developer of therapeutic medicines for people suffering from inflammatory diseases, such as rheumatoid arthritis.

Credit Suisse-backed digital integrator LiquidHub has now raised $75m in equity, after completing a $53m round led by ChrysCapital.

Corning has led a $34m round for NinePoint Medical, a manufacturer of in-vivo pathology devices, bringing its overall funding to $67m.

Emotient, a developer of facial recognition technology, has now secured $8m in total, with Intel investing in both its main venture capital rounds.

Nokia Growth Partners and Randstad Innovation Fund have backed Gigwalk's $10m series B round, which has increased its total funding to almost $18m.

Premise, operator of a global tracking network for macroeconomic and development trends, has caught the attention of investors including existing backers Google Ventures and has secured $11m in its series B round.