06 November 2017 – SenseTime Sets Up AI Fund

Funds

Deep learning technology provider SenseTime is joining one of its investors, asset management firm CDH Investments, to raise a fund that will target investments in artificial intelligence technology developers.

Biotech venture firm BioGeneration Ventures has reached an oversubscribed final close of its third fund, having raised $95.5m from limited partners including Bristol-Myers Squibb and Johnson & Johnson Innovation – JJDC.

Bahrain’s sovereign wealth fund, Mumtalakat, looks set to follow funds from Saudi Arabia and Abu Dhabi in committing capital to SoftBank’s Vision Fund, according to CEO Mahmood Alkooheji.

Exits

Meal delivery service HelloFresh, which counts Rocket Internet and Vorwerk Direct Selling Ventures as investors, has gone public in Frankfurt, in an initial public offering that could end up raising almost $370m if the underwriters take up the greenshoe option.

Zscaler, a cybersecurity technology producer valued at $1bn as of its last funding round two years ago, has confidentially filed for an initial public offering that would provide exits for CapitalG and Dell Technologies Capital.

Synopsys has agreed to acquire Black Duck Software, a provider of open source software management technology, for approximately $565m, providing exits to Intel Capital, Siemens Venture Capital and Red Hat.

Automotive parts producer Continental is reportedly in advanced talks to acquire Argus Cyber Security, an Israel-based developer of security software for connected cars, for about $400m.

On GUV, OpenIOLabs, a UK-based connected laboratory system developer spun out from Imperial College London (ICL) and University of Cambridge, agreed to an acquisition by diversified research firm Cronin.


“Funky Chunk” Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0

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