IT

Boreal Ventures will invest in deep tech companies emerging from ÉTS Montréal’s incubator Centech and the wider Quebec ecosystem.

South China University of Technology spinout POI-Tech is working on industrial internet applications and will use some of the money to expand R&D activities.

The firm has launched a fund and accelerator called Boab AI that will be run by Deakin University’s former ventures director Andrew Lai.

The JD.com, Shanghai Pharma and SoftBank China Venture Capital-backed O2O medical services operator, has secured fresh funding from investors including Sinocare.

Telstra and Standard Chartered Ventures helped the cloud security software provider hike its overall funding to about $185m.

Spacecraft manufacturer SpaceX reached a $74bn valuation, a more than sixfold increase on the $12bn it fetched when Google led a $1bn round in 2015.

Bloomberg Beta participated in a series A round that lifted the coding platform developer's total funding to $26m.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Dell is celebrating an exit as Humio agreed to a $400m acquisition by CrowdStrike, less than a year after Dell led a $20m series B round for the cybersecurity company.

Tiger Global has led a series C round for TigerGraph, which has now raised more than $170m altogether from backers also including Ant Financial, Baidu and SIG.

The DevOps platform provider has raised $117m to date after Salesforce Ventures and Insight Partners co-led its latest funding round.