The upper end continued to grow and corporates launched a raft of AI funds, as bike sharing, real estate, smart vehicles and urban farming drew capital.

The University of Hong Kong spinout is working on AI-based language processing for call centres to optimise the analysis of their phone records.

SoftBank Vision Fund is seeking to invest up to $300m in dogsitting app developer Wag, which had initially set a $100m target for its next round.

The fraud detection platform developer will use the funding to expand its sales operations and grow its data science team.

Saint-Gobain and JLL were among the limited partners that put up the cash, which VC firm Navitas will use for real estate and construction technology deals.

Fosun RZ Capital has participated in a nine-figure renminbi round for gym operator Supermonkey, having been an investor since its series A round.

Alumni networking platform provider Graduway has received a $12.7m investment from Susquehanna Growth Equity, a subsidiary of Susquehanna International Group.