Transport

Sector report: Telecoms

Last month, Jeff Herbst departed from US-headquartered semiconductor technology provider Nvidia, where he had led its business development activities and corporate venture capital (CVC) unit Nvidia GPU Ventures for two decades starting in 2001.

A Taiwanese industry association and Global Corporate Venturing jointly organised a second semiconductor, artificial intelligence (AI) and quantum computing-themed panel held under Chatham House Rule on July 27, after a similar discussion in late April.

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Alphabet-backed CRM software provider Freshworks went public, boasting a market cap of $13.5bn.

Xiaomi has led two rounds for the autonomous driving technology developer including a series C, the latter deal valuing it at almost $2bn.

UOB Venture Management led a $30m round for social commerce platform developer Evermos while Advanced Farm Technologies and Nex each bagged $25m.

Exor Seeds and Tencent participated in an equity and debt round for the used car marketplace operator that was co-led by SoftBank Vision Fund 2, valuing it at $1.84bn.

Foxconn and GoTo Group are contributing to a $250m PIPE deal for the Engie, Panasonic and Sumitomo-backed electric scooter system provider’s reverse takeover.

Sime Darby has taken part in the latest round for the ride sharing platform developer’s Malaysian subsidiary, helping to lift its total funding to $73m.