Financial

Citi, SVB, State Street and JP Morgan were among the investors that helped the financial software provider boost its valuation to $1.6bn.

The Global and China L4 Autonomous Driving and Start-ups Report, 2021, found that except for a few companies, such as Waymo and Uber, which performed worse than expected, level four (L4) autonomous driving firms in other fields gained momentum.

Hikma led a $15m extension to surgical robotics developer Activ Surgical's series B round, now sized at $60m, while data collaboration software provider Hex raised $52m from investors including Snowflake and Databricks.

The corporate card provider was valued at $2.1bn in a round led by Tencent that increased its funding to $380m altogether.

Digital asset exchange Zipmex increased its corporate-backed series B round to over $51m while Digital Garage-backed 1plusX in a $150m acquisition.

The expense management platform developer more than doubled its valuation to $8.1bn in a Stripe-backed round consisting of $200m in equity funding and $550m in debt financing.

The consumer lending platform developer raked in nine figures through a round backed by strategic partner JP Morgan.

Multiple corporates helped call centre software producer Cresta raise $80m at a $1.6bn valuation while agricultural intelligence provider Apollo secured $40m in a round led by Softbank Vision Fund 2.

Deutsche Telekom-backed DTCP was among the investors that pushed the cybersecurity management platform developer’s valuation to $2.6bn.

Axa Venture Partners and MassMutual Ventures returned for the insurance comparison marketplace’s latest round, which included Brighthouse Financial, Global Atlantic Financial, IA Financial, Lincoln Financial and Pacific Life.

Luno Expeditions has emerged from stealth and will target early-stage Web3 technology developers, investing from parent company Digital Currency Group’s balance sheet.