Energy

Intel Capital's Nick Washburn and Hyundai Cradle's John Suh on California's tech ecosystem

Sector report: Services

The Global Corporate Venturing and Innovation Summit 2020 in Monterey, California, brought together more than 800 corporate venturing leaders from corporations representing about $10 trillion in annual revenues.

Existing investor Banpu added $72m to a series D round for solar services and cleantech product provider Sunseap that reportedly totals $146m.

Indoor positioning technology producer Devawave was acquired by Qorvo reportedly for $400m, giving an exit to LG and ST Electronics

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

Legal & General increased its stake in the charging infrastructure operator to 23% while EDF purchased a majority share in a $130m deal.

Tobias Hasenjäger has departed from his position as senior investment manager for energy utility VNG’s investment arm, after two years.

Wipro Ventures was given an exit from email security software developer Emailage, which was acquired by LexisNexis Risk Solutions. The sizeable exit is part of the wider cybersecurity space, which has received much attention by corporates 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.

Equinor and General Electric-backed oil production software provider Ambyint will put the cash into hiring and product development.