Michael Mahan, a GCV Rising Star in 2018 and former investment manager at Stanley Ventures, has been promoted to managing director of the unit.

Impact investment unit TSEF has appointed Lara Metcalf to direct the investment strategy of its third fund focused on financial, health and human services technologies.

Demisto, a cybersecurity technology developer that has raised $69m from investors including Slack and Wipro, is reportedly in talks concerning an acquisition by Palo Alto Networks.

MIT has launched an as-yet unnamed spinout to develop a smart drug-delivery pill to help plan more effective treatment regimens for patients.

REV-backed Palantir has cut the size of its stock options, effectively valuing itself at $11bn just four months after reports suggested it would seek a $41bn valuation for its IPO in 2019.

Munich Re reinvested in the industrial IoT technology provider's series C round, which supported an acquisition of Bloomberg-backed Alluvium.

Better Mortgage boosted its overall funding to about $115m, closing a series C round in which American Express Ventures came onboard as an investor.

The sales service provider collected $20m in the Salesforce Ventures-backed round, on top of $6.5m in debt financing from Silicon Valley Bank.

The cloud network security provider increased its overall funding to $34.5m in the Comcast Ventures-led round, which included Telia and National Grid.

The financial analytics platform raised the capital in a series B round featuring Regions and Jefferies that boosted DV01's overall funding to $33m.