IT

Corporate joint venture Mainport has contributed to a funding round for Eye on Air, a startup developing technology to detect explosives residue at airports.

Conglomerate Loxley's IT services subsidiary Loxbit has combined with private equity fund TIH to form a fund that will back Thailand-based startups.

Microsoft has led drone airspace management software developer AirMap's latest round, which included Airbus Ventures, Qualcomm Ventures, Rakuten, Sony and Yuneec.

The electronics manufacturer, which formed a $150m technology investment fund last month, could also launch an AI-focused fund that would make CVC deals and acquisitions.

Cloud computing firm Rackspace has spun out Mailgun, the email automation tools provider it acquired in 2012, and supported a $50m round for the newly independent company.

The Broadway Video-backed mobile messaging service has now raised $10m in total and signed its first big commercial deal with Universal Music Group.

The Bloomberg-backed predictive insights software provider has raised $31m to date, following new funding from Scale Venture Partners, Next World Capital and Shasta Ventures.

Oxford spinout Wrapidity has been acquired by Meltwater for an undisclosed sum.

The internet-of-things technology provider is looking to follow a Rakon-backed round in September with about $15m of new funding, some of which could come from the industrial sector.