Pagaya, a financial technology company that uses artificial intelligence (AI) for asset management and institutional investments, has raised $102 million in a Series D funding round. 

Cloud-based human capital management software provider Ultimate Software has entered into a definitive merger agreement to be acquired by Hellman & Friedman.

Korean fintech startup Viva Republica, makers of the financial services app Toss, has raised a $40 million funding round.

Chinese smartphone manufacturer Xiaomi has raised $1.1 billion in a round of funding. The latest investment pegs the company at a valuation of roughly $45...