IT

AT&T and Deutsche Telekom-backed wireless internet system developer Tarana added $60m from investors including EchoStar to close the round.

The investment firm, which counts several corporates as backers, has completed the first close for a fund with a $1.48bn target, following commitments from China Everbright Trust and two state-backed funds.

Ahren Innovation Capital has been confirmed as an investor in a round that includes Samsung, BMW, Bosch and Dell, bringing machine intelligence technology developer Graphcore’s total funding to $310m.

The series A funding comes after predictive data analytics companies MoBagel went through a resources-only edition of the SkyDeck accelerator last year.

The Alibaba, Foxconn, Legend Holdings and SK Group-backed image recognition software provider is reportedly weighing up New York and Hong Kong for an $800m initial public offering.

Edge cloud platform Fastly has hired Bank of America to oversee an IPO valuing it at $1bn which would provide exits for Swisscom, Deutsche Telekom and O’Reilly Media.

The mobile camera developer is reportedly planning a 2020 IPO after raising $30m in a funding round backed by Suning and Xunlei.

The real estate-focused chatbot developer has now raised more than $71m in total, having secured series C funding from investors including Realogy, Royal Bank of Canada and Northwestern Mutual.

Virgo Investment Group has invested $18m in the PAR-backed online fitness platform in the form of series C funding, bringing its overall equity financing to $41m.

Oil and gas exploration company Woodside Energy was sufficiently intrigued in its earlier development pact with ECU-founded Sapien Cyber to purchase a 10% stake.

Utec joined Dentsu in the fine art providence blockchain creator’s latest round, after supplying $900,000 of seed capital in July 2018.