IT

PanasonicWell appointed Christie Pitts to identify family-oriented investment, partnership and M&A opportunities.

The Bakery will help clients build CVC strategies while Staged Ventures will manage the funds and Pipe Ventures will provide deal flow.

UB Ventures’ new fund secured capital from its parent company, Wistron’s Wise Cap subsidiary, banks and other investors.

Alphabet alumnus Gideon Yu is reportedly raising $500m to back companies spun out of incubator X Development like 280 Earth, Waymo and Google Glass.

Kuroneko Innovation Fund 2 has $51.5m in capital to continue to invest in strategic areas like cleantech, spacetech, fintech, robotics and AI.

For eight years, Cyber Valley has been linking German AI and robotics researchers and spinouts with corporate partners, but a partnership with UTokyo IPC is the first step to it going global.

CVC veteran Takuya Hosomura, who spent a combined eight years at Rakuten Capital and Salesforce Ventures, joined Global Brain as a partner.

Corporate funding for startups is rising globally as well, with sectors such as as cybersecurity and healthcare seeing the most activity.

Cisco’s artificial intelligence fund is double the size of similar initiatives for Salesforce Ventures and IBM Ventures, hailing another step in the AI boom.

Aramco Ventures believes generative AI will be part of helping the Saudi oil major meet its 2050 net zero target.

The AI accelerator jointly created by Nvidia, Tribe and Digital Industry Singapore will choose 15 Singaporean startups for its first cohort.