Transport

Amazon, Ford, Sumitomo, Cox Enterprises and Abdul Latif Jameel are set to score exits after the electric truck developer filed confidentially to go public.

Last year we saw a record number of corporate-backed rounds sized $100 and above and this year has not been any different, already setting records.

The UCLA spinout was originally known as Cyan Robotics and has added $36m to its funding thanks to investors including Silicon Valley Bank.

Ferrovial and Mitsui Fudosan helped mobility platform developer Maas Global hike its latest round to nearly $46m while automotive technology developer Visic Technologies raised $35m.

Cybersecurity software developer Upstream Security has accumulated $105m of total funding following the close of a series C round featuring several corporates.

The Bloomberg Beta-backed autonomous flight technology developer is set to accelerate its growth with a round reportedly valuing it in excess of $1bn.

Over the past few years, roughly a fifth to a quarter of all corporate investors whose deals we track appear to be newcomers.

M12 backed three deals in recent days, including a $50m series D round for Split.io that also featured fellow corporates Atlassian and ServiceNow.

With backing from Ford and unnamed corporates, the mobility-focused venture capital firm has closed its third investment vehicle.

SAIC Motor’s FOF Hengxu Capital subsidiary has led a round for the automotive parts manufacturer, investing alongside backers including Wenzhou Transportation, Zhucheng Yihe Axles and Qingte.

KAR Global was among the strategic investors helping the online car retailer expand into new regions