Alongside Spirox Ventures were venture capital firms Jafco Asia and Pac-Link Capital, which led the round as new investors, and other existing investors Magic Shares, Shinden and Synerchip chief executive, David Lee.

Solexel lists as one of its investors Spirox Ventures, the corporate venturing unit of the eponymous Taiwan-based technology distributor

The series C round was led by SEB Venture Capital, and joined by venture firms Industrifonden, ALMI Invest, and KTH Chalmers Capital.

The US-based cloud gaming company backed by Intel Capital and Qualcomm Ventures, sells to Sony, after raising $30m in a round backed by the corporate venturing units last year.

Series C round comes in at a $4bn valuation.

Oil majors BP and ConocoPhillips, along with PVS Chemicals, venture capital firm Northwater Capital Management and angel investors Carl Berg and David Zachry (who runs his eponymous construction company), provided the money.

The US-based cloud gaming company backed by Intel Capital and Qualcomm Venture is reportedly attempting to raise $500m from a sales process.