Sectors

Hugo, an on-demand delivery and services provider focused on Central America and the Caribbean, intends to channel up to $10m into the vehicle.

Johnson & Johnson Innovation – JJDC was among the investors in an $11.7m round for blood sealant technology developer Gatt Technologies.

The Qualcomm, Alibaba, Suning and Dalian Wanda-backed artificial intelligence software provider is reportedly seeking a $9.5bn valuation.

John Öhd is to become Karolinska Institute's chief scientific officer on the back of 13 years of biotech industry expertise.

The Orange and Stripe-backed digital bank is reportedly in talks for up to $98m at a valuation topping $1.5bn, which would nevertheless represent a drop of near 40% from its last round.

Tencent and Bertelsmann Asia Investments returned for a round that pushed the online fitness community and product maker's valuation past $1bn.

Oil extraction technology developer GlassPoint had raised more than $130m from investors including Shell but has wound up in liquidation during the current economic climate.

The Haier and Legend Holdings-backed semantic computing technology provider secured funding in a series B-plus round led by Shenzhen Capital Group.

The 3D modelling software provider, which counts Qualcomm, PTC, Ericsson, CBRE and News Corp as investors, has raised $39.1m on its way to a targeted $45.8m close.

Holmusk, developer of a behavioural healthcare evidence platform, has completed a $21.5m round co-led by corporate venturing unit Optum Ventures.

Four-year growth of CVC-backed rounds for AI software, power shifts to cloud providers, specialised AI emerges for sectors