IT

The online fashion retailer intends to raise between $15m and $20m from external backers to fund the spin out of its inventory management platform.

Interactive word processing software provider Quip had raised $45m in funding since 2012 from backers including Salesforce Ventures.

Powerlinx, developer of a platform that helps businesses establish collaborations, has formed a strategic partnership of its own with business data provider Altares D&B.

Existing investor New Enterprise Associates has provided $9m in series A funding for GV-backed procurement software developer Scout RFP.

Uber has lost its battle in China, but as the largest shareholder in a $35bn company that is the overwhelming market leader it may yet win the war.

The round, co-led by GE Ventures, included Robert Bosch and Yokogawa Electric and was closed as FogHorn Systems converted $2.5m of seed funding to equity.

NYU's Tandon School of Engineering has partnered FF Venture Capital to launch an accelerator program aimed at the artificial intelligence sector.

Western Digital co-led a round that also included GV and NTT Docomo Ventures, as personal cloud storage service Upthere came out of beta.

Deutsche Telekom and Hewlett Packard Enterprise have helped cybersecurity technology developer Safebreach close its series A round, a year after its $4m seed round.