IT

Tencent made a significant cash commitment by leading a round raised by online social forum Reddit at $3bn post-money valuation

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

General Motors has reportedly purchased a 35% stake in the automotive data sharing platform through a cash and data deal that valued it at $275m.

Egis Technology, TowerJazz, Meyer Corporation and Linear Dimensions have provided $13.2m for AI-in-sensor processor developer AIStorm.

Bloomberg-backed data analytics platform InfluxData has completed a $60m series D round led by Norwest Venture Partners, almost doubling its overall funding in the process.

Corporate venturing unit GM Ventures is set to exit high-definition mapping software provider Ushr in an acquisition by Dynamic Map Platform.

Stanford-backed wifi system developer Eero has been picked up by Amazon after launching a product designed to provide high performance for devices including smart home products.

6Estates had previously raised $2m of funding for its market intelligence products based on research from NUS and Tsinghua University.

Corporate venturing unit REV Venture Partners returned for a series C round that took the total raised by the data collaboration platform developer to $50m.

The AI-based customer analytics software developer, which counts Tencent as an investor, has increased its series B round to $29m and its overall funding to almost $40m.

The corporate venturing units of Semapa and KPN have contributed to Armilar's TechTransfer Fund, which has raised almost $51m on its way to a target of about $68m.