IT

Two years after Telstra Ventures led a $43m series D round for Cumulus Networks, Nvidia has agreed to purchase the data centre networking technology provider.

Intel Capital-backed GigaSpaces increased its funding total to $60m with a round set to drive growth of its transactional data orchestration platform.

Kingsoft’s cloud services subsidiary has set its price range for an initial public offering in the US and will raise as much as $450m in proceeds if it floats at the higher end.

TCL Capital was among the investors in a $119m funding round for ASR Microelectronics, which also attracted Zhangjiang and increased its overall funding to $419m.

Geek Pictures was among the backers that invested in the document-reading software provider’s $12.1m equity and debt round that came 15 months after a $15m series B round.

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

Intel Capital led an $11.5m series A round for Hypersonix, the creator of an artificial intelligence-driven autonomous analytics platform for consumer commerce data.

US-based cybersecurity software developer DivvyCloud agreed to be acquired by security analytics provider Rapid7 for $145m in a cash and shares transaction that will give an exit to mass media group Discovery Communications.

Despite uncertainty, Yahoo Japan’s corporate venturing vehicle will continue its efforts in innovation and technology in the Japanese ecosystem through collaborations with startups.

Axa Venture Partners and Orange Digital Ventures backed a $27.2m round that will fund product development and international growth for the employee engagement software provider.

The Chinese surveillance and security technology provider, which counts Winner Technology as an investor, pulled in $14.1m that will fund AI research.