Information Technology

U-M commits $20m to four spinouts
University of Michigan has committed an initial $2.75m in combined funding to MemryX, Ripple Science, GreenMark Biomedical, and Give and Take, and could invest as much as $20m altogether.
Maryland mulls $16m Tedco program
State lawmakers are considering plans to fund supports for Maryland’s cybersecurity and life sciences sectors administered by local economic development agency Tedco.
Complion complies for $7m series B
Complion collected funding from investors including the multi-university-backed Ohio Innovation Fund for its regulatory compliance software platform catered to sites conducting clinical research.
Stanford-backed Eero connects to Amazon
Stanford-backed wifi system developer Eero has been picked up by Amazon after launching a product designed to provide high performance for devices including smart home products.
6Estates tends to series B round
6Estates had previously raised $2m of funding for its market intelligence products based on research from NUS and Tsinghua University.
Kaust accelerator unveils third roster
Kaust is preparing for the third phase of its Taqadam startup accelerator, which is supported by a host of Saudi Arabian academic institutions and claims to have achieved a 35% female participation rate.
Ten businesses board Manchester-backed accelerator in Dubai
UAEpreneurs will operate with support from University of Manchester’s Middle East Centre in Dubai, providing 10 mainly digital-focused startups the opportunity to raise $50,000 to $250,000 in capital.
Allied Minds prepares cost reductions
The commercialisation firm will cut cash operating expenses by more than 40% year-on-year, while SciFluor Life and Precision Biopsy received $9m in financing between them.

Other News

Spin Memory banks Abies for series B
NYU and Allied Minds-founded Ram technology developer Spin Memory has unveiled deep tech-focused VC firm Abies Ventures as an investor in a $52m series B first announced late last year.
Berkeley encrypts Blockchain Xcelerator
UC Berkeley will offer participants up to $200,000 from its X-Fund as it looks to build a blockchain ecosystem connecting resources from university departments, Silicon Valley and further afield.
Sousei hosts Kyoto University for $4.1m
Smart home technology manufacturer Sousei Technology also collected funding from Aioi Nissay Dowa Insurance in a round that will help it deliver upgrades and additional services.
NovaUCD signs up student-founded duo
Evervault is pursuing seed funding for encryption software that protects compromised networks, while MyStudyPal has launched an academic timetabling app.
OSU’s DatAnchor latches on to funding
OSU-founded cybersecurity business DatAnchor has officially launched with an undisclosed sum from the multi-university-backed Ohio Innovation Fund, and Dundee Venture Capital.
Purdue prefers trio for $121,000 investment
Purdue’s Trask Innovation Fund has committed $50,000 each to short-term research projects into sodium-ion batteries and a handheld plant scanner, in addition to $21,000 for a data security project.

Editor's Picks

Taking a leap towards the quantum future
Isis Innovation's Rakesh Roshan investigates the looming age of quantum computing.
Profile: In-Q-Tel
Tsinghua spreads $1.3bn buyout
Tsinghua University offers $1.3bn in a takeover bid of smartphone chipset manufacturer Spreadtrum.
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