Information Technology

DigitalOcean swims towards initial public offering
Access Industries is set to exit the cloud infrastructure technology developer, which has filed to raise up to $100m on the New York Stock Exchange.
Iluvatar CoreX caps off $186m series C
China Unicom has helped the Shanghai Electric-backed computer chip developer close a series C round that will fund commercialisation and research and development.
Armorblox stocks up with $30m
Siemens' Next47 unit led a series B round for the email security platform developer, increasing its total funding to more than $46m.
Legend Capital unveils 10-figure renminbi fund
Xiangcheng Financial Holdings is among the backers for the first close of the Legend Holdings spinoff's sixth renminbi-denominated vehicle.
M12 position remains vacant
Nagraj Kashyap agreed to become a managing partner at SoftBank’s Vision Funds last month.
Pliops pulls up $65m
Koch Disruptive Technologies led a series C round for the data storage technology producer that included Western Digital, SoftBank, Xilinx, Nvidia and Intel.
Electric gets $40m series C supply
The Gunderson Dettmer, Anchor Worldwide and Slack-backed IT management platform developer boosted its total funding to $100m through its series C round.
Analysis: Horizon Robotics captures $350m
AI chip developer Horizon Robotics raised a round backed by several automotive manufacturers, taking its overall funding to $900m in the past two months.

Other News

Line drawn to Hustle Fund again
Line Ventures, which had previously committed to the first Hustle Ventures fund in 2018, has returned to help it secure $33.6m for a second vehicle.
Corporate venturing deal net: 22-26 February 2021
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Moore Threads emerges with unicorn valuation
The GPU technology developer has completed a pre-series A round in the 10-digit yuan range that was backed by investors including ByteDance, H&T Intelligent Control and Pony.ai.
Platform9 plants series D extension
The HPE Pathfinder-backed hybrid cloud management software developer has secured additional funding to close its latest round at $37.5m.
Aviatrix navigates to $75m series D
Liberty Global Ventures has reinvested in the multicloud software-as-a-service platform in a deal that lifted Aviatrix's total funding to $151m.
PerimeterX picks up $57m of growth capital
Deutsche Telekom and other investors have helped the cybersecurity software developer achieve $144m of total funding.

Editor's Picks

Horizon Robotics prises $350m from investors
Several automotive manufacturers backed a series C3 round taking the AI chip developer's funding to $900m in the past two months.
Samsung shakes up US innovation subsidiaries
Young Sohn is retiring while Luc Julia is leaving as Sean Kae and David Lee step up and into Samsung Catalyst and Samsung Next respectively.
Brazil adds triple fundraisings
The three funds comes as Daniel de Macedo switches role and a new trade body committee is set up for CVCs.
2021 in Corporate Venturing: A Preview
Micromobility, AI-equipped drug discovery, home fitness and cloud kitchens are among the sectors that look promising in 2021.
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