IT

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

HubSpot Ventures, Salesforce Ventures and existing backer Slack Fund contributed to a $12.5m round that increased Crossbeam's overall funding to nearly $16m.

Alpine Quantum Technologies has won $11.1m in a round where the university invested half, in a bid to create a universal quantum computer.

Swisscom Ventures helped the optical line terminal technology provider close an Intel-led round that stood at $20m as of April.

IoT management software provider Uhuru plans to file for an offering that would allow Salesforce, Mitsui, SoftBank, NEC and NGK Spark Plug to exit.

Returning investor Ascension Ventures led a round that boosted enterprise reputation management software developer Reputation.com's total funding to more than $115m.

Intrinsic, an IT security startup with serverless execution capabilities backed by Stanford-StartX Fund, has been bought by enterprise software publisher VMware.

Ping An Global Voyager Fund co-led H2O.ai's $72.5m series D round, bringing its total funding to $147m in support of its open-source AI model development platform.

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

ByteDance has paid an undisclosed amount for a 22.2% stake in the social referencing portal, in a bid to further take on rival Baidu.

Group 42 supplied $10m for the online services provider, whose existing investors include iDreamsky, Bertelsmann Asia Investments and Legend Star.