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

Overjet, a US-based dental practice data analytics software spinout of Harvard University and Massachusetts Institute of Technology, has closed a $7.9m seed round backed by MIT Media Lab-affiliated E14 Fund. Venture firm Crosslink Capital led the round, which also included undisclosed investors including Overjet’s strategic partners. Overjet applies computer vision and data analytics as the basis for a software platform that helps dental surgeries manage the quality of patient care while preventing fraudulent activity and maintaining financial oversight. The spinout is led by Wardah Inam, a former postdoctoral fellow at MIT’s Computer Science and Artificial Intelligence lab. Overjet was incubated by Harvard University’s Innovation Labs. MIP Diagnostics, a UK-based polymer antibody spinout of University of Leicester, has secured £5.1m ($6.4m) in a round in which Mercia Asset Management invested $625,000 to take 4.6% equity interest, Insider Media reported yesterday. The round also included Business Growth Fund, an investment unit funded by six of the UK’s largest banks, and was filled out by Downing Ventures, Calculus Capital and MIP Management. Founded in 2015, MIP Diagnostics produces molecular polymers used in the diagnostic, pharmaceutical biotech and chemical research sectors. The funding will help it expand its operations and prepare new products for the marketplace. MIP Diagnostics previously obtained $2m in a series A round in 2018 led by Mercia, with participation from angel investors. Protaryx Medical, a US-based cardiac transcatheter procedure device spinout of University of Maryland’s School of Medicine, on Tuesday closed a $5.1m series A round backed by the university’s venture unit UM Ventures and led by medtech incubator Ajax Health. Protaryx is developing a medical device that provides transseptal access to the heart’s left atrium for structural heart and catheter ablation surgical procedures. Protaryx had already secured $3.2m of seed funding and non-dilutive grants, announced together with the series A round. Intento, a US-based enterprise artificial intelligence software development platform, completed a $3m seed round yesterday backed by Berkeley SkyDeck Fund, the investment vehicle set up by University of California, Berkeley’s accelerator SkyDeck. The round was led by venture firm Flint Capital with participation from SmartHub and assorted angel investors. Intento has created a software portal that lets enterprises quickly procure and implement AI-driven functionality from a range of cloud computing marketplaces. The platform currently focuses on sourcing tools to build machine translation models, a form of computational linguistics.  Intento will use the proceeds to scale up sales, marketing and customer success operation in the US and Europe. The…

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