Services

The marketing agency has partnered its ISID subsidiary to form a new open innovation arm in Silicon Valley, appointing Dentsu Ventures’ Yu Hirayama to manage the initiative.

A month after reports suggested Ninja Van had raised $124m in series D funding from several corporates, the company confirmed it actually secured $279m.

Prosus, Times Internet and Tencent-backed online education provider Byju’s is seeking up to $400m in funding at a $10bn valuation, just a couple of months after fetching an $8bn valuation.

Telstra was among the investors in a $185m series B round that brought the artificial intelligence-powered customer service technology developer’s total funding to $260m.

US-based cybersecurity software developer DivvyCloud agreed to be acquired by security analytics provider Rapid7 for $145m in a cash and shares transaction that will give an exit to mass media group Discovery Communications.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

The corporate has revealed it expects to lose $6.6bn on its WeWork investment in the last financial year, separate to its Vision Fund commitments.

Salesforce Ventures has thrown its weight behind Niche as the educational matchmaking service prepares to add thousands of schools to its platform.

Topia, a developer of remote work management software, closed a series D round shortly after integrating with software produced by new investor Workday.

Ferguson's investment arm is in weekly contact with portfolio companies and expects digitisation to be more widely adopted in the construction industry as work practices change.