Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Ultron Photonics, a China-based laser and optoelectronic technology developer backed by Chinese Academy of Sciences, has attracted $15m in a series A round led by consumer electronics producer Xiaomi’s Shunwei Capital unit, DealStreetAsia reported on Friday. The round also included Qitang Changhou Investment, a fund set up by display control solutions company Chipone Technology and government-owned entity Beijing E-town International Investment & Development. Venture capital firms Sinowisdom and Langcheng Capital also took part in the round. The report identified the latter two as returning investors, and early backers seemingly also included Chinese Academy of Sciences’ early-stage vehicle CasStar, laser machine manufacturer Micromach, Lime Capital and Hangzhou Oushi Investment, although further details could not be ascertained.
PolyAI, a UK-based artificial intelligence-powered voice assistant technology spinout of University of Cambridge, has picked up $14m in funding led by Khosla Ventures. The round also included Point72, Amadeus Capital Partners and Sands Capital,…
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).
