IT

Sector report: Services

The Global Corporate Venturing and Innovation Summit 2020 in Monterey, California, brought together more than 800 corporate venturing leaders from corporations representing about $10 trillion in annual revenues.

Sompo Holdings, iRobot, Toyota AI Ventures, Union Tech Ventures, Happiness Capital, Samsung Next and Bloomberg Beta all backed the companion robot developer's series B round.

Dell Technologies Capital reinvested as part of a series B round for the virtualisation platform developer having backed its series A in 2017.

Indoor positioning technology producer Devawave was acquired by Qorvo reportedly for $400m, giving an exit to LG and ST Electronics

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.

LG and Nvidia have both contributed to a $43m series C round for cybersecurity technology provider Deep Instinct, which also disclosed HP and Samsung as existing investors.

GCV Emerging Leader Rashmi Gopinath has departed from Microsoft's corporate venturing unit after four years to join BCG-backed venture firm B Capital.

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

The computing platform developer has expanded a round backed by Capital One Growth Ventures from $21.5m to $50m.