The 2010 State of Innovation Report is the second annual analysis of 12 technology areas and their global innovation by the IP Solutions business of media group Thomson Reuters.

Corporate venturing is where venture capital firms were 15 years ago in terms of their marketing awareness.

EDBI of Singapore led the series C round for Smaato. Aeris had led the company's $4.5m series B round in December 2009.

The Yet2Ventures fund will provide follow-on investment and liquidity to small companies.

US-listed legal service provider LawPivot had previously raised $400,000 from its angel investors. It will now move into Google's start-up incubator.

Comcast, which is posting David Horowitz on to the portfolio company's board, is following media peer Tribune in backing Perfect Market after becoming a user of its services.

China-based online travel site 17u.com sells 30% to Tencent

O'Reilly Media's corporate venturing unit led the $1m seed round for TripIt, which Nasdaq-listed travel group Concur has agreed to buy for up to $120m.

News provider SearchBlog says Tim Mayer is chief strategy officer and Ben Wright vice-president of service delivery and marketplace at Trada.

TargetSpot doubles previously raised $8.6m from the same consortium of CBS Radio, Union Square Ventures, Bain Capital Ventures and Milestone Venture Partners.