Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

OutThink, a UK-based human risk intelligence platform, has closed a £1.2m ($1.6m) seed round to advance predictive risk intelligence software based partly on University College London (UCL) and Ruhr-University Bochum technology, Bdaily News reported on Wednesday. VC firm Forward Partners led the round with participation from cybersecurity technology provider Paramount Computer Systems and Subatomic Analytics. The funding will support product development and increasing OutThink’s headcount from 15 to 40, helping the company’s geographical expansion across the UK, Europe and the Middle East. Shorful Islam, founder of Subatomic Analytics, has become chief product and data officer of OutThink, which hopes to raise series A funding by the end of 2020. OutThink’s co-founders include Angela Sasse, a professor of human-centred security at Ruhr-University Bochum who also holds appointments at UCL. Attenio, a Germany-based industrial facility assembly guidance tool developer founded out of Hamburg University of Technology (TUHH),  has raised €1.1m ($1.2m) in seed capital from public-private partnership High-Tech Gründerfonds and Innovationsstarter Fonds Hamburg II, an early-stage vehicle funded by municipal authorities and the EU-owned European Fund for Regional Development. The spinout is working on software that digitises instructions for assembling heavy industrial machinery so that factory workers can digest the information via media such as tablets and smart glasses. Attenio emerged in 2016 on TUHH research from then-PhD students Fedor Titov, Philipp Halata and Florian Tietze.

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?