IT

The back office auditing software developer, which counts MasterCard and Bloomberg as investors, secured $13m in a Redpoint-led round.

Globetouch aims to bring in $40m in the round and has already received investments from Verizon and Spark New Zealand.

Cisco Investments and Country Garden Holdings have co-led the cloud computing and big data technology provider's series B round.

Uitlity operator Vector has paid $10m for a minority stake in mPrest, an IoT control software developer that had already raised $20m in a GE-backed round.

Insight Venture Partners led a round that took the GV, REV and MassMutual Ventures-backed company's total funding to almost $58m.

Stanford Engineering Venture Fund has backed a series B round for Kano, which will use the money to start selling its computer kits in the US.

The Deakin University-backed accelerator has selected the first startups to join its program.

Foxconn, SK Group and Ant Financial have participated in a $460m funding round for Megvii, the facial recognition software provider also known as Face++.

The language translation software developer has received seed capital from investors including a joint venture backed by Meiya Pico.

Spinouts developing products ranging from troubleshooting for quantum computers to energy efficient wifi devices will be supported by the innovation fund.