IT

The Cisco-backed enterprise-focused venture fund revealed in May has revealed a name, Catalyst Labs Fund I, and a $500m target for its close.

Gradescope has paid an undisclosed amount to acquire schoolwork analysis software developer Turnitin, which had raised more than $5m from investors including Bloomberg.

Rutgers University was among a string of limited partners for the growth equity firm's ninth fund, which was oversubscribed from its $300m target.

Western Digital Capital has invested a reported $25m in Kaminario, which has now raised some $243m in equity from backers also including Mitsui.

Dell Technologies Capital has led a $23m series D round for data storage technology provider CNex Labs, which also welcomed backed Microsoft's M12 unit.

Anaplan has raised close to $264m in its flotation on the New York Stock Exchange that provided exits for Salesforce and Workday.

Micron Technology has put $100m in capital towards corporate venturing subsidiary Micron Ventures, which will go towards the artificial intelligence and machine learning sectors.

Demisto, a cybersecurity technology producer backed by Slack Fund, has closed a $43m series C round led by Greylock Partners to bring its total funding to date to $69m.

Cybersecurity technology developer Garrison has received $5m from IP Group after being backed by Touchstone in 2015 and 2017.

Intel Capital has returned with Mayfield Fund and Blumberg Capital to back visual analytics software developer Arcadia Data, taking its total funding to $27m.