The price Eli Lilly is paying for protein drug developer and portfolio company Protomer could potentially top $1bn dependent on milestone payments.

Electric aircraft developer Heart Aerospace raised $35m from investors including Mesa Air and United, while several corporates are set to exit remote access software developer Openpath.

MIT’s battery technology spinout will collect $200m in a private investment in public equity financing and list on the New York Stock Exchange.

Microsoft is reportedly paying over $500m for the MassMutual Ventures and National Grid Partners-backed cybersecurity software provider.

Google is reportedly in discussions to purchase the cashless payment app developer for up to $270m, potentially providing exits for Itochu, Nippon Gas and FamilyMart.

Munich Re and Microsoft helped CO2-to-chemicals technology provider Twelve raise $57m while Eli Lilly and Kaiser Permanente-backed CRO dMed-Clinipac secured $50m.

VIB and V-Bio Ventures have both participated in a series A round for Muna Therapeutics, the result of a merger of two recent spinouts.

Sauce Labs has purchased the error reporting tool developer, which had reportedly raised over $6m from investors including 60East Technologies.

ClalTech is set to exit the cloud infrastructure management software provider in an acquisition by HPE, which will integrate Zerto with its storage division.

Accenture, Chevron, ConocoPhillips, General Electric, Intel, Shell and Saudi Aramco have all exited the operations management software provider in a purchase by SparkCognition.