IT

Dell's stake in the software release technology provider is sized at almost $490m following an initial public offering in which it floated well above its range.

The data services software provider had raised more than $55m from investors including NetApp, Cisco Investments, Hewlett Packard Enterprise and GE Ventures.

The customer support technology provider lifted its overall funding to $88m in a Next47 Ventures-backed round that will support research and development.

Salesforce Ventures will invest another $250m as the data management software provider floated above its range at a valuation just short of $29bn.

The notification software startup received backing from strategic investors Twilio, Slack and SendGrid in a $10.1m round that will fund hiring and product development.

Schlumberger returned for the first close of the round, helping the emissions monitoring technology developer take its total funding to $55m.

University of Stuttgart has scored an exit with the acquisition of nFrames, a 3D mapping technology spinout also backed by Vector Informatik.

Vector Venture Capital has exited nFrames, a developer of 3D surface reconstruction software that has been bought by Esri for an undisclosed amount.

State Farm Ventures and existing investor Bloomberg Beta helped the call centre technology provider close a round that will support R&D and hiring.

SoftBank emerged in the news last week with its sizeable bets in the equity derivative markets in the US. Despite some recent challenges, the telecoms conglomerate has been very active in large venturing deals this year as well.

Black Founders Development Fund will make early-stage investments to drive Accenture Ventures' engagement with black entrepreneurs.