Transport

Full Truck Alliance is reportedly set to reinvest in driverless truck developer PlusAI as part of a round that will value it at more than $1bn.

Hearst Ventures and BMW iVentures were among the investors as driving analytics software provider Zendrive increased its overall funding to $52m.

Aireen Omar will take on AirAsia Group's wider corporate venturing purview having served as CEO of its RedBeat Ventures unit since January 2018.

Bytedance invested $30m in a series C round closed by the smart EV developer formerly known as CHJ Automotive, at a $2.9bn valuation.

The smart vehicle system developer secured $11m in a round that was co-led by Samsung Catalyst Fund as it prepares to beef up research and development.

Several corporate venturers have backed IoT company Terminus Technologies in a $283m series C1 round. This nine-figure round comes to confirm an upward trend in valuations of such enterprises we have been observing for years.

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

Stanford Daper Fund-backed Boatsetter has increased its series A to at least $27.8m with $10m from investors including WestCap Group and Valor Equity Partners.

Total Ventures and existing shareholder Workday Ventures took part in a $60m round that lifted carpooling service Scoop Technologies’ total funding to more than $106m.

The automotive e-commerce marketplace has secured $17.5m in a round that was co-led by SoftBank's Latin American fund.