IT

The Shanghai International Group-backed drone maker is reportedly looking to raise between $400m and $500m in a US initial public offering later this year.

University of Tokyo’s Utec has extended its foray into Indian VC investments by starting an accelerator in partnership with local venture fund Blume Ventures.

The digital contract signature platform has collected $59.2m in a round that was co-led by Tencent, with the proceeds earmarked for hiring and product development.

SystemIQ, MS&AD and QBE have taken part in a round led by Invenergy's Energize Ventures unit that will support the predictive weather data provider's international growth.

Vilmorin & Cie has joined fellow corporates including BNP Paribas, Naval Group and MGEN as an investor in the targeted $87.5m PSL Innovation Fund.

SoftBank Vision Fund invested $1.46bn to take Grab's series H round, already backed by Toyota, Hyundai, Kia, Booking Holdings, Central Group, Yamaha, Ping An, Microsoft, Tokyo Century and KBank, to $4.5bn.

GV Cisco Investments and NTT subsidiary Dimension Data are all set to exit wifi technology provider Mist Systems, which has raised $88m in funding.

The Cisco-backed managed detection service provider has reeled in $47m from a Warburg Pincus-led round that boosted its overall funding to about $87m.

Australia Trailblazer Fund is the third such regional fund to be formed by Salesforce Ventures in the past nine months and follows $100m vehicles in Canada and Japan.

The data management platform has increased its overall funding to $14m in an $11.7m round featuring Salesforce Ventures and will put the cash towards recruitment.

Ghent-founded indoor position technology business Pozyx has amassed more than $1.5m having recently completed the launch of its initial product range.