IT

OP Corporate Bank will exit with the cloud implementation services provider in a purchase by IBM following more than $26m in debt and equity financing.

The IPO boom was helped by the emergence of Shanghai's Star market and the trend for reverse mergers, while corporate venturers were increasingly looking outwards.

The CreditEase-backed artificial intelligence technology producer has raised series C funding at a valuation of at least $1bn.

Concordia University has helped venture capital firm Cycle Capital reach the final close of its latest cleantech-focused fund.

Ride-hailing service Uber’s Advanced Technologies Group (ATG) subsidiary agreed to merge with self-driving technology developer Aurora with Uber investing $400m in the latter.

The data security technology provider boosted its overall funding to more than $105m in a series C round following an investment by Visa in January.

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

First-mile delivery service Trukita, which had raised under $1m from investors including Astra International, has been bought by Waresix.

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

The Alphabet and Tencent-backed robotic process automation technology provider was valued at $10.2bn in its last funding round.

Ten University of California startups are hoping to open 2021 with a bang by securing one of two $50,000 prizes at the GCV Digital Forum next month.