IT

Smart sensor developer BYD Semiconductor has spun off from its parent company, electric vehicle producer BYD, with $265m secured at a valuation topping $1.3bn.

UAVC-backed antenna technology spinout FreeFall Aerospace has merged with one of its clients in order to focus its efforts on 5G communications.

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

US-based construction services provider Katerra received $200m in funding from the SoftBank Vision Fund I, the vehicle formed by telecoms conglomerate SoftBank.

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

Medical device maker Yuwell participated in a round for data security software provider Meichuang that is reportedly its fourth since 2005.

M12 returned in a $25m second close for the API marketplace provider having led the first tranche of the series B round last year.

Undisclosed new and existing investors are pumping $350m into the corporate-backed augmented reality technology developer as it prepares to cut headcount.

NTT Docomo-backed database software provider Couchbase has completed a series G round that increased its funding to more than $250m to date.

The Dropbox-backed software management platform developer has now raised approximately $187m to date, Warburg Pincus leading its latest round.

M12 and Samsung Next helped add $11m to a first tranche that closed in January, taking the customer service software developer's overall funding to more than $63m.