Energy

The Spain-based energy utility is set to contribute approximately $23m to the vehicle, which will invest in renewable energy technology developers.

Alphabet’s self-driving car developer Waymo raised its first external funding in a round backed by its parent company and two other corporates.

Oil provider Helen has hired Fortum alunmus Mikko Huumo to set up a $55m coprorate venturing fund that will focus on transition in the energy industry.

The semiconductor technology producer has gone public through a reverse merger with penny stock company Peninsula Acquisition and received $21.5m from investors including Marelli.

Alphabet will exit credit management company Credit Karma in a $7.1bn acquisition by Intuit.

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

Nvidia, Intel and others are piling innovation resources into AI-specialised chip architectures amid heightened risk of competition from Chinese vendors

Oncology therapy developer Revolution Medicines went public giving an exit to pharmaceutical company Sanofi.

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

Monthly data report: January 2020