Transport

Insight Partners agreed to acquire IoT security software provider Armis in a rollover transaction that featured a $100m commitment from Alphabet. The deal forms part of the IoT space to which corporates have not been indifferent over the past decade.

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

Qualcomm Ventures took part in a series D round that hiked the valuation of the electric scooter rental service from $250m to $450m.

Mobility-focused VC firm Autotech Ventures has received an undisclosed amount of capital from Lear’s corporate venturing subsidiary, Lear Innovation Ventures.

Hesai has raised what it claims to be the largest ever funding round for a lidar technology producer, with Robert Bosch a key investor.

Tire producer Goodyear plans to invest $100m in advanced mobility technology over the next decade, through a newly launched corporate venturing subsidiary.

Itochu returned to help the electric vehicle leasing service raise tens of millions of dollars, seven months after it closed a $100m series B round.

Toyoya has hired Hiroshi Saijou, who used to run Yamaha Motor Ventures & Laboratory Silicon Valley, as a VP for its Toyota Research Institute division.

Today’s deal net captures the smaller investments from across the university innovation ecosystem over the past two weeks.

The following is an excerpt from our upcoming World of Corporate Venturing report.

Shougang, ByteDance, InTime, Taiping, Ping An and Leo Group are in line for exits as the electric vehicle provider aims for $500m in its initial public offering.