Industrial

ZTE contributed to the second of series C and C-plus rounds disclosed by the industrial control system provider that totalled about $28m.

The big data platform Databricks raised $400m reportedly at $6.2bn valuation, with the backing of Microsoft. The company forms part of the broader big data tech space, in which corporates have been heavily investing over recent years.

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

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

Purdue’s Double Down Experiment accelerator will assist nine growth-stage businesses linked to the university with resources as they look to realise their expansion ambitions.

Shine Medical has increased its lifetime funding to around $283m as it prepares to launch medical isotope production plants leveraging fusion-based neutron generators invented at UW-Madison.

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

Seafood supplier Thai Union’s corporate venturing fund will focus on alternative food proteins, supply chain and functional nutrition technologies.

Spinouts progressing technologies for road traffic and electric vehicle applications are among the first to have been selected for a Philippines government funding scheme.

The aerospace manufacturer has put an additional $33.5m into its Safran Corporate Ventures unit, four years after it was launched with more than $55m in capital.

Drone services provider Aerodyne won the support of Axiata Digital Innovation Fund in a round that will fund hiring and research and development.