Industrial

Before the commercial release of Rivians’ electric vehicles (EV) this year, Amazon has returned to back the company in a round valuing it at $27.6bn. The EV space is among the hottest in the automotive business and valuations have remained high despite the cyclical nature of demand for vehicles.

Sandvik has co-led a series A round sized above $40m for the manufacturing software developer, alongside government-backed and venture capital investors.

Telus Ventures has led a series B round for the farm management software company, which has valued it at more than $78m.

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

The Hearst Ventures-backed 3D printing marketplace has been acquired by its digital manufacturing services peer Proto Labs in a deal potentially worth $330m.

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

Musashi Seimitsu Industry has led a round that will support development of a proof-of-concept for KeraCel's 3D printing technology.

Naspers Foundry led a $17m round for Aerobotics, a developer of tree-health monitoring technology, having invested last May.

Prosus Ventures led an AgFunder-backed series C round for the agricultural goods and services provider it looks to expand its presence across India.

State of the market

Sector report: Transport