Industrial

SoftBank’s robotics portfolio company Berkshire Grey has lined up a reverse merger with Revolution Acceleration Acquisition Corp and will be valued at $2.7bn.

Symbio Robotics has received cash from the UC Berkeley-linked House Fund as it announces its official company launch.

The Evans Properties, Agro-Iron and Shrieve Chemical-backed organic fertiliser producer has pulled in new funding for its series C round.

Novo supported the first close of 2150's debut fund, which was anchored by NREP, the property developer that also incubated the venture firm.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Boreal Ventures will invest in deep tech companies emerging from ÉTS Montréal’s incubator Centech and the wider Quebec ecosystem.

South China University of Technology spinout POI-Tech is working on industrial internet applications and will use some of the money to expand R&D activities.

The Bertelsmann-backed manufacturing software developer took its total funding past $110m with the close of the $77.3m round.

Main Sequence Ventures-backed FluroSat has joined forces with its peer Dagan and the combined business will operate from the US as Regrow.

Spacecraft manufacturer SpaceX reached a $74bn valuation, a more than sixfold increase on the $12bn it fetched when Google led a $1bn round in 2015.

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