IT

NTT Docomo-backed Wasabi plans to use the proceeds from the $30m round to expand its hot cloud storage service in international markets.

Video messaging platform developer Loom, which counts Slack as an investor, closed a $28.8m round that reportedly doubled its valuation to $350m.

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

Amazon Alexa Fund contributed to the home automation technology producer's series C round through its Alexa Fund, revealing itself as an existing investor in the process.

Existing investors Hewlett Packard Enterprise, GV, Intel Capital, SingTel Innov8 and M12 all participated as the cybersecurity services provider took its total funding to $112m.

Gene sequencing corporate spinoff MGI Tech closed a $1bn series B round backed by IDG Capital and CPE Capital. The company offers an array of products, some of which have been used for Covid-19 detection and forms part of the promising space of genetics tech.

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

Allianz Life Ventures invested in the artificial intelligence software developer as part of a round that took its total funding to $14.5m.

The user interface engineering startup is set to list on TSE’s Mothers Market, handing exits to Blue Rose, Digital Garage, Finc, Mitsui Sumitomo Insurance and Salesforce.

The oil and metals producer’s accelerator program has announced five startups for its second edition and hosted the demo day online.

Cisco intends to purchase the network analytics software producer, which had raised more than $110m from investors including GV and Salesforce Ventures, for a reported $1bn.