Sectors

China is benefiting from its government’s focus on artificial intelligence (AI) with unlisted companies having raised RMB203.7m ($30bn) in venture capital since 2016, according to Nikkei Asia Tech and 36kr.

GCV's AI Q4 2020 supplement editorial by James Mawson, editor in chief, Global Corporate Venturing

Seek will take a board seat at HR and employee management platform developer Hibob having co-led a round that pushed its total funding to $124m.

Canadian Solar has helped the venture capital firm push its total fundraising past the $300m mark with the first close of its two newest funds.

Drug release technology developer Rani has now raised $211m in all, from investors including GV, Novartis, Ping An Ventures, KPC, AstraZeneca and Stevanato.

Sony Innovation Fund and Verizon Ventures came onboard as the drone avoidance system developer closed its series B round.

The energy-processing technology provider has raised $12.5m in a round led by newly minted strategic partner Synaptics.

Kissei Pharmaceutical has become the cancer immunotherapy developer's first corporate investor, in a series D round bringing its overall funding to $93.5m.

Jafco has led a round of undisclosed size for the All About, Nippon Life, KLab and Credit Saison-backed teleconsultation technology developer, taking its total funding to nearly $20m.

Temasek has pumped $51.5m into classified listings operator Info Edge's debut consumer technology fund, bringing its corpus to almost two thirds of its $100m ceiling.