Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Quantum Brilliance, an Australia-based quantum technology developer spun out of Australian National University, has closed a $9.7m seed round co-led by Main Sequence Ventures and the founders of software producer QxBranch. The spinout’s approach relies on synthetic diamonds to build quantum accelerators that can operate at room temperate and without complex laser systems. Quantum Brilliance previously secured an undisclosed sum from venture fund CP Ventures in August 2020.
Photoruction, a Japan-based civil engineering cloud service, has raised ¥760m ($6.9m) in a funding round backed by Keio Innovation Initiative, a venture capital vehicle for Keio University. The round also featured GMO VenturePartners, SMBC Venture Capital and DBJ Capital, respective units of internet company GMO, financial services firm Sumitomo Mitsui Banking Corporation and Development Bank of Japan. Photoruction had raised $130,000 from Primal Capital in 2016; $890,000 from Genesia Ventures, SMBC Venture Capital, Mizuho Bank’s Mizuho Capital unit, Primal Capital and…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
