Transport

Salesforce Ventures has joined the telematics device developer's series A round, which reached a $6.2m first close in July.

The electric bus maker has raised new funding in a round led by an undisclosed backer which also featured Edison, GM Ventures and Constellation Technology Ventures.

Investments in driverless cars and virtual reality pointed the way to the future while machine learning folded into AI and the insurtech sector came of age.

Alstom has agreed to buy connected railway technology provider Nomad Digital, providing an exit to corporate venturing unit Deutsche Telekom Strategic Investments.

Batch 21 is looking for mobility services, machine learning, VR, robotics and additive manufacturing startups for the scheme, which is scheduled to start in April.

Jaguar Land Rover's InMotion unit has hired Sebastian Peck from medical treatment platform Health Bridge as its managing director.

Most interest internationally has been sparked by HNA's indirect corporate venturing strategy.

2016 saw some big changes at the top of some of the biggest CVC units; some corporates raised huge funds and others got into the game, though the IPO market slowed to a crawl.

Intel Capital modified its investment structure in 2016 and pledged to cut its portfolio by around 25% in the next five or six years while increasing its investment sizes.