IT

It is an irony that as the world moves to cleaner sources of energy it is increasingly reliant on one of the most challenging industries for the commodities.

Academic research towards quantum computing and other quantum technologies is beginning to pay dividends, but continued progress will rely on strong cooperation between academic, industry and government partners.

Sector report: Fintech

Software integration tool developer Workato has assembled $111m in total from an investor base which includes ServiceNow, Workday and Salesforce.

Citi joined returning investor S&P Global for a $15m series B round for satellite-powered geospatial intelligence provider Ursa.

Citi and Alphabet-backed real estate portal HomeLight raised $63m in a series C round and an additional $46m in debt financing. The deal is part of the burgeoning real estate tech space, which has seen much corporate attention in 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.

WPP-backed enterprise content marketing platform developer Percolate has been picked up by Seismic, having previously raised about $107m in funding.

Okta Ventures supplied a share of the cash for software engagement analytics platform Productiv, which last raised funding in March 2019.

Screen time limits app developer Zenlabs has been bought by Life360, paving the way for internet browser publisher Otello to exit.

Indian Angel Network has achieved a final close of $53m for its inaugural fund thanks to limited partners including Hyundai, Max Group, India Infoline and Yes Bank.