IT

Palo Alto Networks agreed to buy cybersecurity orchestration platform Demisto for a mixture of cash and stock, highlighting the potential of the vibrant cybersecurity space

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

Credit Suisse has added an extra $70m to its Entrepreneur Capital fund and invested an undisclosed amount in drone developer Perspective Robotics.

The network management software producer has increased its overall funding to more than $110m in a series D round led by GV with backing from Salesforce Ventures.

University of Michigan will supply an initial $2.75m in funding to MemryX, Ripple Science, GreenMark Biomedical, and Give and Take, and could invest as much as $20m altogether.

Telstra Ventures has led a $25m growth round for the Dell-backed cloud file storage provider, which has now raised $145m altogether.

The payment protection software provider received $15m in a round co-led by Microsoft's M12 unit and venture firm Viola Ventures.

The video messaging technology developer has collected $11m in a Kleiner Perkins-led round that also featured existing backer Slack.

The visual shopping tool provider increased its total funding to more than $34m in a series C round co-led by Sonae IM that featured several more corporate units.

Samsung Catalyst Fund, Qualcomm Ventures and Cisco Investments have exited the low-power chipmaker in an acquisition of undisclosed size by Intel.

Allianz has boosted the capital reserves of digital investment unit Allianz X, whose portfolio includes unicorns G-Jek and N26, to more than $1.1bn.