Consumer

Line Ventures backed a $36.2m round for AI-equipped e-commerce platform TimeBank that will help the startup acquire new users and partners.

Insight Partners agreed to acquire IoT security software provider Armis in a rollover transaction that featured a $100m commitment from Alphabet. The deal forms part of the IoT space to which corporates have not been indifferent over the past decade.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

The funding will make up part of a round expected to close at $500m in the next two months and valued the food listings and ordering platform at $3bn.

University of Auckland Inventors Fund has contributed to a $40m series B round for AI-based avatar developer Soul Machines, with the investment led by Temasek.

The restaurant management software provider, which counts PayPal among its investors, could reportedly float at a billion-dollar valuation this year.

Trifo, developer of a cleaning-based surveillance system, increased its total funding to $26m in a round that included Yidu Cloud.

Football helmet producer Vicis, a University of Washington spinout, has succumbed to cash pressures despite previously raising $85m in funding.

Trifo, developer of a cleaning-based surveillance system, increased its total funding to $26m in a round that included Yidu Cloud.

The following is an excerpt from our upcoming World of Corporate Venturing report.

In an extended version covering the holidays, Global Corporate Venturing has rounded up the period’s smaller deals and tracked the emerging companies accessing corporate funds.