IT

Pavilion Data Systems and Etopus Technology have both closed series A rounds backed by the accelerator run by SK Telecom Americas.

The smart analytics platform, which has also received funding from Nike, took its total funding to more than $29m in a round backed by existing investor Intel.

AT&T, Accenture, Mitsui and Nokia all took part in a $23m series B round for the cybersecurity incubator, which previously raised cash from Alcatel-Lucent and Cisco.

Customer interaction platform Qubit increased its overall funding to $76m in a Goldman Sachs-led round that included returning investor Salesforce.

The weather detection system producer raised the cash in a round co-led by Monsanto Growth Ventures as it prepares to expand across the US.

The fund, which brings the amount managed by the Nokia-sponsored firm to more than $1bn, will look to invest in a wide range of internet of things technologies.

Corporates remained active as crossover investors helped take healthcare VC investment to its highest level since 2000, Jonathan Norris of Silicon Valley Bank told Global Corporate Venturing.