IT

The Recruit-backed supply chain management software provider will use the capital to further expand into the US and Southeast Asia.

Alphabet, Telstra and RackSpace are in line to exit the cybersecurity technology provider CrowdStrike, which has set a placeholder target of $100m for its IPO.

Osage University Partners, Gradient Ventures and Rakuten Ventures featured in machine learning software developer Algorithmia's latest round, which brought its total to $37.9m.

HPE, Mellanox, Nvidia, Seagate and Western Digital Capital contributed to a $31.7m round for the data storage management software developer, which has now raised almost $67m in total.

Tesi and KPN Ventures joined Inventure and Vito Ventures for Tampere University-founded IoT connectivity spinout Wirepas's latest round, which brought its total to $24.6m.

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.