IT

GCV recorded just 205 deals worth $7.42bn involving corporate investors from the IT sector in Q2. That is down more than 60% from last year.

Corporate-backed deal numbers are remaining resolute in India but cash levels are dropping sharply as the space remains ever more reliant on the consumer economy.

Maersk Growth took part in Afresh’s $115m series B round while ZeroFox acquired a Nasdaq listing when it completed a reverse takeover.

The security awareness group’s CVC unit will focus on the human layer of cybersecurity.

The Saudi Aramco unit has hired Sean Lee after adding fellow corporate venturers Daisy Garcia and Abhishek Shukla to the team in recent weeks.

The application security software provider has emerged from stealth having secured funding from MRV, 468 Capital and DNX Ventures.

What are corporate VC managers looking for when hiring? A selection of industry figures tell GCV it isn't just dealmakers, but intellectually curious team players and go-getters.

Lockheed Martin doubled the size of its venture arm to $400m while Ingevity, Geely, SKC and Daishin participated in Nexeon’s $170m series A round.

Xiamen C&D took part in OriCell Therapeutics’ $120m series B round while Shopify provided $100m in funding for Klaviyo.

Social Leverage Acquisition Corp I will acquire AMD and ConsenSys-backed W3BCloud while China Life took part in a $300m round for Taibang Biologic.

What are the benefits of running a venture unit with two managing directors? Wipro Ventures' Venu Pemmaraju and Bipla Adhya bring contrasting experiences and two pairs of eyes.