IT

Matt Garratt, who helped set up Salesforce Ventures, is taking a general partner role at venture firm CRV and is being replaced as managing partner by Alex Kayyal.

The OATV-backed user interface software provider increased its valuation fivefold to $10bn in a round co-led by Morgan Stanley and Durable Capital Partners.

GV, Latacora and Salesforce Ventures helped the app development technology provider close its latest round, which will support hiring and research and development.

The data warehousing software developer has received cash from investors including GV, Telstra Ventures, M12 and National Grid Ventures to bring its total funding to $195m.

Allied Minds had invested over $50m in New York University RAM technology spinout Spin Memory, which has decided to liquidate its assets to pay creditors.

Applied Materials and Arm were among the investors in RAM technology developer Spin Memory, which has elected to liquidate its assets to pay creditors.

BeiGene helped mRNA therapeutics developer Strand Therapeutics raise $52m while the Afterpay-backed AP Ventures led logistics provider Sendle's $35m series C round.

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

LinkedIn's data streaming spinoff, Confluent, is floating above its range in an offering effectively doubling the valuation of its last funding round to over $9bn.

Eli Lilly, Johnson & Johnson and Pfizer helped drug developer TRexBio close its $59m series A round while Slack backed human resources software provider Oyster at a $475m valuation.

HubSpot and Salesforce both participated in a series D round which boosted the enterprise software marketplace's overall funding to $257m.