IT

Hotel industry data provider Fornova has closed a series B round led by Deutsche Telekom Capital Partners that will support sales, marketing and product development.

Xiaomi will put up a third of the capital for Xiaomi Yangtze Industry Fund, which will target hardware investments, with Hubei's guidance fund and the province's largest city the other LPs.

Total and Bridgestone have contributed to a $13.2m funding round for car analytics technology developer and Mobivia spinout Xee.

Itochu and existing backers Alphabet and CME Group were among the investors in a Sequoia Capital-led series C round for the satellite imagery analysis provider.

The company has revealed several additions to its GPU Ventures portfolio, including Abeja, Datalogue, TempoQuest and Zebra Medical.

Salesforce Platform Fund will back startups developing apps on the corporate's platform, and was launched alongside an initiative to bring more products to its AppExchange.

The two universities have signed a partnership agreement that aims to increase research collaboration, boost commercialisation activities and develop a joint PhD program.

Big data software provider Cloudera has gone public, but the gap between its market cap and the valuation at which Intel invested three years ago may be an ill omen for backers of other unicorns.