IT

Satellite communications technology developer Kymeta has raised $73.5m in funding in a round that included Intelsat, weeks after the companies sealed a strategic partnership.

Tinnitus Treatment Solutions and food standards and sanitation company RF Biocidics are among the casualties of the $146.6m writedown, with capital being diverted to more promising subsidiaries.

The deal featured both new corporate backers, including Delphi, Samsung and MediaTek, as well as returning investors Mitsui and Pegatron.

GE Ventures contributed to an oversubscribed series B round led by Sapphire Ventures that the container data management company will use to add new features.

GV has led a series C round that valued the secondary storage technology provider at more than $500m with backing from Cisco, Qualcomm and Hewlett Packard Enterprise.

Stanford University is part of a consortium of investors that have put $13m into ActionIQ.

Telus will retain a stake in spinout Fathom Systems as its parent company, mobile positioning systems provider Rx Networks, agrees to be bought by BDStar for $23m.

The internet-of-things technology developer has raised cash in a round co-led by Verizon that included Intel, JetBlue, CME Group, Flextronics and Samsung.

Data management platform Cloudera has filed for an initial public offering that will give exits to Intel - its largest shareholder - and Alphabet.