IT

Corporate-backed medical imaging technology producer Lunit is preparing to float in South Korea while cancer drug developer Pheast secured $76m from investors including Alexandria Venture Investments.

ServiceNow, Capital One Ventures, Citi Ventures, Splunk Ventures and GV all contributed to the software deployment technology provider's latest round, valuing it at $3.7bn.

Sophie Dingreville, formerly of Munich Re Ventures, has been appointed chief investment officer of BP's digital technology accelerator.

Yangtze River Pharmaceutical Group led Binhui Biopharm's $47m series B-plus round while Sigfox has been snapped up by UnaBiz for under $30m after raising over $300m.

BMW i Ventures and Telekom Innovation Pool both invested in a series A round for the IoT system provider, which had developed dedicated technology products with their parent companies.

Web3 security software producer Certik received $60m from investors including SoftBank Vision Fund 2 while corporate-backed automation technology provider Vicarious is being bought after raising over $250m.

The Global University Venturing deal net rounds up the smaller investments from across the university innovation ecosystem.

Swiggy helped boost Rapido's valuation to $800m in a round that featured Shell Ventures and TVS Motor. This is a deal of a rather surprising size and valuation in a space that has not been as hot over the past years, as far as corporate-backed deals are concerned.

Appliance management app developer Fresco's $20m round was co-led by Vorwerk and Instant Brands while NBCUniversal and Hearst helped media measurement software provider TVScientific raise $20m.

Monthly data: March 2022

Quarterly data: Q1 2022