IT

Ericsson and Spirent Communications joined founding investor Ata Ventures for the second funding round to be closed by the network monitoring software provider.

The data recovery and migration company has increased the size of a series B round co-led by Infosys to $13m and its overall funding to more than $18m.

Alibaba's ten-figure investments in Ele.me and Lazada last week could signify the ramping up of an investment strategy that has already dramatically grown the e-commerce group's offering.

However, ahead of a keynote at the Global Corporate Venturing/DLA Piper Corporate Venture Capital Strategy Seminar in Tokyo, Japan, Sodhani said Silver Trail would invest globally, particularly in the US, Israel and Asia, and across sectors and had lined up some former colleagues to join him.

Samsung and Bosch took part in the series A round, which boosted the digital camera technology spinout's overall funding to $8m.

IDG Capital has participated in a funding round for technology company Tongdun, which uses big data to provide anti-theft and anti-fraud services.

Urbana-Champaign spinout Veriflow emerges out of stealth mode with funding from the US Department of Defense and the National Science Foundation.

North West Fund for Venture Capital backs Traffic Observation via Management, a cybersecurity spinout from Liverpool University that is based on initial research from Queen's University.

The business analytics technology provider, which has raised $590m from investors including Salesforce and WPP, is working with banks to ready itself for an offering.