IT

The pharmaceutical company's acquisition of Novartis-backed IFM Therapeutics, consisting of $300m upfront and up to $2bn in milestone payments, is its fourth purchase of a CVC-backed company in under four years.

More value and focus should be on the investors scaling up the business rather than those coming up with the idea and helping the entrepreneur set up a business.

The e-commerce advertising security company, which counts Adler-Chomsky among its investors, has now secured a total of $14m since it was founded in 2014.

The cybersecurity software developer has added a $15m extension led by TPG Growth and Greenfield Partners to a $20m first tranche featuring Dell and Cisco.

StartX has contributed to a $20m series A round for UnifyID, the operator of an authentication platform that has now secured $23.4m.

The IT infrastructure technology developer has raised almost $14.9m in a Lenovo Capital-backed round that was led by Matrix Partners China.

The Zell Lurie Founders Fund, the student-led investment vehicle of University of Michigan, has committed capital to brain-computer interface technology developer Neurable.

The Intel, Recruit and New York Life-backed machine learning technology developer has added capital to a round that now totals $67.2m according to a securities filing.

PTB Ventures and Accel have co-led a series A round for Callsign, an authentication platform backed by digital consultancy Reply.