Bolt is valued at more than $4.75bn following a $713m funding round, although its corporate backers did not return for the transaction.

Niron has collected $21.3m in funding from investors including Volvo Cars Tech Fund to build a pilot production facility for its rare earth-free magnets.

Denso took part in a $71m series D round for artificial intelligence technology provider Blaize while inflammatory disease drug developer Aristea closed a $63m Novo and Arena-backed round.

Ping An Global Voyager Fund has returned to back the asset management platform developer’s latest round, at a $4bn valuation.

SAP.io took part in email software provider Sedna's $34m series B round while Byju's picked up BCC-backed learning app developer Toppr in a deal reportedly sized at about $150m.

The electric truck developer has closed a round co-led by Amazon and Ford Motor Company, pushing its overall funding past the $10bn mark.

Branding services provider Tailor Brands raised $50m in a GoDaddy-led series C round while Orix is set to exit hiring software developer PandoLogic in a $150m acquisition.

Several corporates backed a $68m series D round for microbiome drug developer Vedanta Biosciences while grooming brand owner Pangaea raised the same amount from investors including Unilever.

Red Ventures has made a strategic investment in Tilting Point as part of the video game publishers’ first equity funding round.

Telefónica-backed addiction treatment app developer Quit Genius raised $64m while oral care product maker NYSCPS received almost as much in a round featuring ByteDance.