Former Stanley Ventures managing director has landed at Caterpillar to invest in mining and construction startups.

The fund will be managed by a new venture firm headed by Bertelsmann corporate venturing veterans.

Media group Bloomberg has supplied a further $75m for its venture firm, Bloomberg Beta, taking its total assets under management to $450m.

Eba leaves founding partner position to take on a CFO role.

She is moving to a senior manager role in marketing at the parent company.

US corporate-backed startup funding saw a big contraction, with the fintech and industrial sectors hit hardest.

The corporate venture firm has installed experienced startup CFO veteran Arielle Ring as its president, weeks after being acquired by Sky Leasing.

The newly formed unit will focus on investing in AI technologies in the US to accelerate Naver's development in this area.

WatsonX AI Labs will link local startups and researchers with IBM talent to jointly develop AI products, with funding from IBM Ventures potentially available.

The foundation backs Georgia Institute of Technology's spinouts in areas including medtech, robotics, AI, marketplaces and defence.