Industrial

The venture fund has appointed GCV Powerlist member Rajesh Swaminathan, who had led Amat’s corporate venturing unit for nearly two years, as a venture partner.

ABB has agreed to purchase building control point supplier Cylon Controls, providing exits to UCD and energy utility ESB.

JFE Chemical, JXTG, Nagase, Obayashi, Teijin and Yokogawa Electric backed a $74.4m round for the polymer-based battery producer.

The industrial robotics technology developer has followed up an Intel Capital investment last August with $14.3m in a round led by Sequoia Capital China.

Alphabet will exit credit management company Credit Karma in a $7.1bn acquisition by Intuit.

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

AxLR Occitanie Méditerranée, Toulouse Tech Transfer and Aquitaine Science Transfer will work with the accelerator to foster agriculture and food tech-focused innovation.

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

Johns Hopkins-founded Ready Robotics secured funding from a quartet of venture investors to drive the scale-up of its industrial automation software business.

Novo and AgFunder both invested as the leather substitute producer raised $17m that will support the growth of its manufacturing capabilities.

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