IT

Advancing technology originating at UC Berkeley, Databricks has increased its valuation more than fourfold to $28bn and will use the funding to further scale its business.

The restaurant management and payment technology developer increased its overall funding to $28m in a round co-led by STV.

The Salesforce Ventures and Citi Ventures-backed endpoint security software provider received the funding from Ontario Teachers’ Pension Plan Board.

Salesforce Ventures has returned to back a $168m round for OwnBackup, valuing the data backup technology provider at $1.4bn.

Elron and Intel have exited the networking security technology developer in a $50m acquisition by Rapid7 following some $12m of funding.

Invenergy, National Grid, Salesforce, Wells Fargo and Deutsche Telekom participated in the asset-tracking software developer’s latest round, which brought its total funding to $92m.

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

Japan Post Investment Corporation and Mirai Creation Fund have taken part in a $28.6m round for the video production software provider to take its total funding to almost $67m.

Raine Ventures led the Modern Times Group-backed mobile app creation platform's series C round, bringing its total funding to $54m.

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

Lenovo and the state-owned Guangzhou City Construction Investment Group took part in a $77.5m round for the cognitive AI software developer.