IT

Corporate-backed RAM memory product developer Avalanche Technology has now raised more than $100m, its earlier backers including Qualcomm, VTB and Rogers Venture Partners.

NetApp paid $70m to acquire the data protection software developer, which had raised $11m from investors including Prosegur.

TUM spinout Kiutra has secured seed funding to ramp up operations for its cyrogenic cooling technology, which it regards as the answer to the problem of industrial-scale quantum manufacturing.

Morse Micro, a designer of wifi chips for IoT applications, has won the support of Uniseed and the Csiro Innovation Fund in a round that brought its total to at least $20.8m.

Aces has obtained a eight-figure amount from University of Tokyo-focused venture fund Deep30, which mainly backs AI technologies from the university's Matsuo Lab.

Lenovo Capital and Incubator Group has provided $14.4m in series A funding for the augmented reality module technology developer having also led its last round.

Cisco, Capital One and Citi exited the cybersecurity testing platform in a $250m deal that came in the wake of $33m in venture funding.

Deepcore, SoftBank's AI investment subsidiary, is planning to raise a second fund that will be larger in size than the $55m vehicle it launched a year ago.

Asahi Media Lab Ventures, So-net Media Ventures, Eltes and Marui were among the LPs that helped venture capital vehicle Reality Accelerator raise almost $7m for its first fund.

The Telstra and Telkom-backed enterprise messaging software provider priced its shares at the foot of the IPO's range but is in line to raise $32.5m when it floats next month.

Steady is the assessment that comes to mind, rather than remarkable, when probing the year-on-year direction of corporate venture capital investment in university spinouts.