IT

Demisto, a cybersecurity technology developer that has raised $69m from investors including Slack and Wipro, is reportedly in talks concerning an acquisition by Palo Alto Networks.

REV-backed Palantir has cut the size of its stock options, effectively valuing itself at $11bn just four months after reports suggested it would seek a $41bn valuation for its IPO in 2019.

EPMG, the owner of Dubai-based real estate listing site Bayut, has increased its series D round to $100m following an investment from Exor subsidiary Exor Seeds.

The sales service provider collected $20m in the Salesforce Ventures-backed round, on top of $6.5m in debt financing from Silicon Valley Bank.

The cloud network security provider increased its overall funding to $34.5m in the Comcast Ventures-led round, which included Telia and National Grid.

Recruitment business Andela raised $100m series D round featuring Alphabet

Smart home technology manufacturer Sousei Technology also collected funding from Aioi Nissay Dowa Insurance in a round that will help it deliver upgrades and additional services.

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

SoftBank, Western Digital, Xilinx and existing backer Intel all invested, as the cloud storage technology developer increased its overall funding to $40m.

Intel Capital has led a $23m series B round for Fortanix, with the corporate venture capital unit’s Sunil Kurkure joining the encryption technology developer's board of directors.

ClalTech has taken part in a Viola Ventures-led series A round to increase the AI-based speech translation platform's total funding to $34m.