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Analysis: MGI Tech raises $1bn

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.


Jun 1, 2020

Corporate venturing deal net: 25-29 May 2020

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

May 29, 2020

Accern accepts $13m in series A round

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

May 29, 2020

Goodpatch goes with IPO plans

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.

May 29, 2020

JXTG Accelerator showcases 2019 contenders

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

May 29, 2020

Cisco sets aside $1bn for ThousandEyes acquisition

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.

May 29, 2020

DefinedCrowd attracts series B funding

EDP Ventures and Semapa Next took part in a $50.5m series B round for the AI verification data provider, which counts Amazon, Sony and Mastercard as earlier investors.

May 29, 2020

Daily deal net: May 28, 2020

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

May 28, 2020

Apple picks up Inductiv

Apple has bought Inductiv to integrate the latter's machine learning data cleanup expertise, based on Stanford, Wisconsin-Madison and Waterloo faculty innovations.

May 28, 2020

Scandit puts $80m in the can

Salesforce Ventures, Swisscom Ventures and returning investor GV helped the computer vision technology provider take its total funding past $120m.

May 28, 2020

D-ID draws series A funding

The visual privacy technology developer received $13.5m from investors including Axa Venture Partners, Omron Ventures and Hyundai.

May 27, 2020

Enview entertains Statkraft in $12m round

Statkraft Ventures contributed to a round for the 3D geospatial analysis platform developer that was led by BrightCap Ventures.

May 27, 2020
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