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The VC Beat: Kandou raises $56M; CrossBorder Solutions lands $40M

This feature rounds up venture capital news and highlights larger deal coverage already published.

* Swiss chip technology company Kandou Bus SA obtained $56 million in series C financing from Bessemer Venture Partners, also known as Deer Management Co. LLC; Columbia Lake Partners; Digital Transformation Fund SCS; Fayerweather Capital Partners; Forestay Capital SA; Kreos Capital; Raging Capital Management LLC; Swisscom Ventures; and Walden International. Kandou pulled in $15.0 million in a series B round in July 2018.

* Insight Venture Management LLC, or Insight Partners, led a $40 million series B funding round for CrossBorder Solutions Inc., which provides artificial intelligence-based transfer pricing solutions. CrossBorder secured $6.0 million of growth capital in November 2017.

* Intel Capital led a $25 million series B financing for DustPhotonics Ltd., which develops pluggable optical modules and solutions, with WRVI Capital and veteran entrepreneur Avigdor Willenz also participating in the round.

Additional coverage

UAVenture Capital fund invests in CarboShield, MediCarbone

Checkr secures $160M in latest funding round

Industrial Bank of Korea, venture capital firm launch 126.5B won PE fund

Unless otherwise noted, historical funding data is sourced from the S&P Global Market Intelligence platform.