IT

Warf-backed 4490 Ventures has returned to supply funding to weather analytics service Understory in support of the latter’s international expansion and recruitment strategy.

Qihoo 360 spinoff Beijing Qianxin Technology has received approximately $542m from China Electronics Corporation at a valuation of $2.4bn.

Mobile payment platform PayPay raised $419m in funding from SoftBank. This is a deal from a space that has seen much growth in terms of the corporate-backed deal flow in recent years.

Midea Real Estate and Red Star Macalline helped Orvibo raise $18.8m of series C capital, taking the smart home technology supplier’s total funding to almost $48m.

Myeg helped increase the AR goggles and software developer's series B round to $32.4m, adding to a $14.9m first tranche backed by Meitu in 2017.

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

Intel Capital and Wipro Ventures have exited machine learning-based data management platform Imanis Data, which has been bought by Cohesity.

Salesforce Ventures' Canada Trailblazer Fund took part in a $23m round for the commerce services provider that was led by Delta-v Capital.

Alibaba returned to reinvest in Megvii as part of a series E round that valued the facial recognition software provider at more than $4bn.

Csiro Innovation Fund joined Westpac-backed Reinventure to co-lead cybersecurity platform creator Kasada’s latest round, which will help fund recruitment and international expansion.

University of Zurich spinout Vay Sports has launched having raised an undisclosed amount from investors including Swisscom and WelcomeAI.