The global positioning technology producer, which was co-founded by Alibaba and Norinco, secured the cash at a $1.84bn valuation.
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Kraft Heinz-backed Evolv Ventures has contributed to Flowhub's series A round to take the cannabis industry software producer's total funding to almost $27m.
IAC and Axa Venture Partners both invested in Verifly, which has rebranded to Thimble as it expands from drones to wider workplace insurance.
Boehringer Ingelheim Venture Fund co-led a $13.3m round for the immuno-oncoclogy startup, which was spun out of University of Duisburg-Essen’s and University of Düsseldorf.
The SIG-backed art and culture IP licensor completed a series A-plus round that will support recruitment and the expansion of its properties.
The Tyson Ventures and Neto Group-backed cellular meat startup will use the series A funding to launch its pilot manufacturing plant.
Ericsson Ventures contributed to a series A round for environmentally-friendly logistics technology provider Einride that will support US growth.