Industrial

Shield AI, developer of an artificially intelligent military drone, has raised $10.5m in a round backed by Bloomberg Beta.

Chemical producer Nippon Shokubai will acquire monomer and derivative developer Sirrus, which had raised $35m in equity funding from investors including Mitsui and General Motors.

The LED technology developer, based on research conducted at Yale University, has raised $5m from investors led by Leyard.

Renewable biocarbon technology developer Cool Planet, backed by GV, Exelon, BP, JF Shea, General Electric, ConocoPhillips and NRG Energy, has raised $19.3m.

The industrial and consumer product maker has launched a corporate venturing arm called Henkel Ventures and expects to commit about $160m to the unit.

The e-commerce company has just closed $1bn in a corporate-backed round but the downgrade on its valuation is likely a sign of the rough time that Indian e-commerce is going through.

MSU agriculture data analytics spinout Cibo Technologies was co-founded by Bruno Basso to commercialise a forecasting approach centred on interactions between different nodes in the farming process.

Legend Capital has scored a significant exit as the graphite film producer, in which it held a share of almost 13%, floated in Shanghai.

The software integration specialist floated above its range on Friday in an offering that could be the first of some hefty returns for Salesforce Ventures' stable of unicorns in 2017.

The construction materials producer has formed an open innovation and venture investment unit and will launch a startup competition later this month.