IT

Consumer electronics producer Xiaomi has announced it intends to launch a new innovation research fund based at Tsinghua University.

SafeGuard Cyber has raised $45m in a Cisco-backed debt and equity round while Pine Labs has paid the same amount to buy portfolio company Fave.

Netherlands-listed technology investor Prosus, formed out of the corporate venturing assets collected by South Africa-listed media group Naspers, has sold 2% of China-based gaming and social media group Tencent for $14.7bn.

The automated cybersecurity software provider, which counts SB Isat as an investor, had been reported to be seeking a $5bn valuation for its flotation.

TDK Ventures has closed its second fund, which is three times the size of the debut vehicle it launched nearly two years ago.

Osage University Partners was among the investors in the cybersecurity training services provider’s series A round.

Esri helped the satellite constellation operator take its total funding to $155m in a round that will fund the launch of more satellites.

GV returned for a series B round that increased the overall funding for Stanford’s machine learning technology developer to $50m.

Salesforce has supplied additional funding for the text messaging platform operator, which is also backed by Sony, Live Nation and Twilio.

GV returned for a series B round that increased the machine learning technology developer's overall funding to $50m.

The oncology drug developer, backed by Bristol Myers Squibb, secured close to $144m in its IPO. This is an exit from a space that has seen much corporate support over the past decade.