A raft of corporates are set to exit free online television streaming platform Pluto TV after Viacom agreed to buy it for $340m.

The service provider marketplace operator has increased its total funding to $172m with an investment from SoftBank Vision Fund that valued it at almost $1bn.

Eli Lilly-backed ophthalmic technology developer Avedro has filed for an $86.3m initial public offering having previously raised $220m in debt and equity financing.

Animal health product developer Bactana is advancing Cornell University research into probiotics that could lead to improved vitality for livestock including cattle, swine and poultry.

PayPal has returned to reinvest in Dosh as part of the series B equity portion of a $40m round that reportedly valued it at $300m.

The conglomerate has led the automotive insurance provider's series B round, which included corporate venturing unit American Family Ventures.

Rasu Shrestha, who had been UPMC's chief innovation officer since 2014, has taken on chief strategy officer and executive vice-president positions at peer Atrium Health.

Marketing technology firm CM Group has snapped up digital marketing software creator Sailthru, which had raised $48.5m from investors including defunct corporate unit AOL Ventures.

Aptus-backed neurodegenerative-focused company Alzheon has withdrawn its second attempt at initial public offering, less than year after cancelling its first bid.

Business texting provider Zipwhip has collected $51.5m in a Goldman Sachs-led series D round, which included existing investors Microsoft, OpenView and Voyager Capital.