The wifi technology provider, backed by a host of corporates, has completed a series E round valuing it at $1.35bn.

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

Globalstar owner Thermo Companies and Fidelity have participated in the 5G infrastructure technology developer’s series C round.

The Intelsat-backed satellite communication technology developer has secured funding in a Fortress Investment Group-led round ahead of plans to launch part of its network in 2022.

Google X's balloon internet spinoff is shutting down despite raising $125m from corporate joint venture HapsMobile in 2019.

SoftBank paid $350m for a 30% stake in the satellite internet system developer, which has emerged from bankruptcy, while Hughes Network Systems supplied the other $50m.

Orange Ventures has been spun off into an independent venture firm with an extra $426m from its former parent company, and added Mathieu de La Rochefoucauld as managing partner.

The Cisco-affiliated asset managment firm is now the largest external investor in fixed-wireless broadband service WeLink.

Hanwha Systems has agreed to provide $30m in funding for the satellite technology provider, whose existing investors include Liberty Global and Intelsat.

Q&A with Irene Gómez, director, Telefónica Connected Open Innovation