Industrial

Cambridge CMOS Sensors has announced a new sensor to detect alcohol, carbon monoxide and volatile organic compounds.

The room listings marketplace secured $475m at a $10bn valuation, showing once again the extraordinary growth potential for companies willing to disrupt existing industries.

The Intel-backed fuel cell developer will shut down after 12 years of operations and $150m in funding after it was unable to secure additional capital.

The gas separation specialist will work with investors to advance a test model of its carbon sequestration system, which helps to collect industrial carbon dioxide.

The chemical company's $135m corporate venturing fund targets companies developing technology based around health, nutrition, resource efficiency, and globalisation, according to its managing director.

The acquisition of China-based digital map service AutoNavi for $1.5bn by Alibaba, secured the biggest corporate venturing exit of the quarter, after Alibaba had previously owned a 28% stake in the company.

There were 456 investments in corporate venturing-backed companies worth $14bn, a sharp rise over the 246 investments worth $5.8bn in the first quarter. There were also 38 exits worth $9.7bn, which was a dramatic rise against the 21 exits worth $5.4bn in the first quarter.

As well as investing in the biggest investments, Alibaba also secured the biggest exits, after it acquired China based digital map service AutoNavi for $1.5bn, having earlier backed it. Alibaba was also a big investor in China-based microblogging platform Weibo, which raised $285.6m in an initial public offering (IPO).