Financial

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

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.