Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
The Routing Company, a US-based transit fleet management product supplier spun out of Massachusetts Institute of Technology, has secured $5m in a seed round led by MIT-aligned venture firm and incubator The Engine. The Engine leveraged its second fund to participate in the round. No other investors were disclosed. The Routing Company offers a technology platform where public transit providers can dynamically monitor and direct transport vehicles to improve punctuality and ease congestion on roads.
Saki, a Japan-based producer of equipment to help inspect assembly manufacturing lines, has received ¥300m ($2.9m) from investors including Kyoto University Innovation Capital, the institution’s venture capital division. VC firm Nippon Venture Capital also took part, as did unnamed additional investors. Saki provides automated systems to perform quality control on electronic parts as they emerge from assembly production lines. The funding will go to developing product and strengthening the competitiveness of Saki’s offering.
