Energy

Last month, Jeff Herbst departed from US-headquartered semiconductor technology provider Nvidia, where he had led its business development activities and corporate venture capital (CVC) unit Nvidia GPU Ventures for two decades starting in 2001.

A Taiwanese industry association and Global Corporate Venturing jointly organised a second semiconductor, artificial intelligence (AI) and quantum computing-themed panel held under Chatham House Rule on July 27, after a similar discussion in late April.

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Alphabet-backed CRM software provider Freshworks went public, boasting a market cap of $13.5bn.

HSBC Ventures has pledged to back growth-stage climate technology developeres, providing them with the bank’s resources and network as well as capital.

TotalEnergies led the equity portion of a round bringing the off-grid energy provider’s total debt and equity financing to over $270m.

Oxygen therapy developer Aviv Scientific completed a $40m series B round led by Danel while drug delivery system developer Credence raised almost as much.

Liberty Mutual, Copec, National Grid, Evergy, Centrica and Avista all contributed to a round taking the solar maintenance technology developer's total funding to at least $53m.

Hitachi, Orbia, Jaguar Land Rover, Doral, TDK and Trumpf all contributed to a round closed by battery recycling service provider Battery Resourcers.

Alibaba and Ping An-backed Prenetics is set to complete a reverse merger at a $1.25bn valuation. Exits from the broader genetics and gene therapeutics space appear to be in the middle of a valuation spike, according to our data.