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Edge Case secures $7m
CMU's Edge Case Research has raised capital from Ansys, Lockheed Martin and Liberty Mutual to use AI for solving complex safety issues in autonomous technologies.
Strand lines up $6m
Strand Therapeutics has raised seed funding to develop an mRNA engineering platform based on MIT research as it looks to assemble a pipeline of oncological drug candidates.
Daily deal net: June 4, 2019
Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Altoida marks $6.3m series A spot
M Ventures has backed the ETH Zurich spinout, which has devised a digital biomarker-driven medical device for diagnosing brain conditions such as Alzheimer's disease.
Qbic looks into EyeD funding
Qbic has participated in a $32.8m funding round for EyeD, consisting of $9.4m in equity and another $23.4m in debt financing and government grants.
On the Slope breeds $5.5m
Farm e-commerce company On the Slope has won support from Kyoto University’s KU-iCap, with the funding allocated for expansion in several Asian countries.
MultiVu captures $7m
The TAU 3D imaging spinout has closed its seed round after previously receiving capital from the university’s Technology Innovation Momentum Fund.
Verv orchestrates $8.3m
SetSquared Bath-affiliate Verv has secured backing from investors including Centrica as it continues the roll-out of its smart energy hub and peer-to-peer trading platform for renewable electricity.

Other News

Reconstruct puts together $7.7m series A
Building works analytics software developer Reconstruct spun out of University of Illinois at Urbana-Champaign in 2016 and has now raised $10.1m of capital altogether.
TreeFrog leaps into $7.8m series A
Satt Aquitaine-founded TreeFrog has now raised $11.1m in equity and grant funding, having secured follow-on contributions from investors including the tech transfer office.
Understory weathers storm for $5.3m
Warf-backed 4490 Ventures has returned to supply funding to weather analytics service Understory in support of the latter’s international expansion and recruitment strategy.
Ciara draws seven-figure investment
Sales productivity software platform Ciara has won the backing of TUM-allied venture firm UVC Partners in a round that will support continued development of its software.
SamanTree branches out with $9.3m
Sioux Technologies co-led SamanTree’s series A round, which will support marketing of the EPFL spinout’s subcellular resolution microscopy scanner for surgical cancer interventions.
Rfrnz reaches seven-digit understanding
TUM automated legal analysis spinout Rfrnz has secured backing from Unternehmertum-operated Initiative for Industrial Innovations, HTGF and unnamed additional investors.

Editor's Picks

Manchester signs deal with IP Group
Canvas paints $9m picture
Canvas Network, an online education platform developed by learning management software (LMS) provider Instructure which received $9.1m investment for the platform, has begun offering free and open online courses.
Dyson sucks up $7.9m for RCA start-ups
British investor Sir James Dyson, founder of vacuum cleaner company Dyson, is donating $7.9m to The Royal College of Art to support engineering start-ups.
WRF finds its Resolve
In May 2010, Resolve raised $2m in the initial close of its A round before bringing in a corporate venturing unit later.
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