IT

The fund has been formed as part of a wider technology and research investment drive that will involve up to $8.3bn being spent in the next five years.

Last-mile consumer goods delivery service provider DoorDash raised $400m, from SoftBank´s Vision Fund at a valuation of $7.1bn

Identity verification technology developer Socure has collected $30m in series C funding from investors including Synchrony Financial, though Santander InnoVentures did not return this time.

American Express has taken part in the $25m round, which increased API integration platform developer Cloud Elements' total funding to $46.2m.

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

A Reliance Industries subsidiary has agreed to buy the Qualcomm-backed multilingual technology developer in a cash deal worth $28.6m.

Hiren Majmudar, a 25-year Intel veteran and a vice-president at Intel Capital, has moved on to Intel Capital’s portfolio company SiFive.

Digital Hearts has taken part in the $13.2m series A round that the security analytics platform will use to bolster its go-to-market expansion.

M12 and Axa Venture Partners have put their weight behind Contrast Security’s series D, which brought the cybersecurity company’s total funding to $122m.

Alphabet's venturing unit has led a $22m series A extension for MIT spinout Lightmatter, which increased the round's total to $33m.

Alphabet's venturing unit has led a $22m series A extension for MIT spinout Lightmatter, which increased the round's total to $33m.