Financial

Monthly analysis: June 2021

Innovative regions: California, New York, Massachusetts, Texas

The global electricity market is worth around $3 trillion a year and is only likely to get bigger. But if electricity power generation fails to keep up with demand securely and flexibly, what trade-offs need to be made for which devices gets what level of allocation?

Sector report: Information Technology

Debt repayment platform developer InDebted received $18.4m from investors including MassMutual, while corporate-backed AdaptiveMobile, Immersal and Pocket Casts are all being acquired.

The Salesforce-backed banking software producer floated at the top of its range and saw its shares rise on their first day of trading.

Softbank enabled the cybersecurity software provider Cybereason to secure crossover financing at a valuation likely to have exceeded $3bn. This year seems set to be a record one for the broader corporate-backed cybersecurity space, with valuations spiking up.

Greenhouse gas monitor GHGSat boosted a Schlumberger-backed round to $45m while Toyota’s Woven Planet subsidiary is buying spatial intelligence software developer Carmera.

SoftBank Vision Fund 2 and Tiger Global Management provided the cash, increasing the mobile financial services provider's overall funding to over $1.7bn.

The corporate-backed mobile payments app’s parent company, One97 Communications, has filed to float in an offering set to include $1.1bn of existing share sales.

MS&AD Holdings has put up an additional $80m for its corporate venture capital vehicle, two years after tripling its original commitment.