Information Technology

Edison Partners welcomes Rutgers to $365m fund
Rutgers University was among a string of limited partners for the growth equity firm's ninth fund, which was oversubscribed from its $300m target.
Garrison rallies for $30m
Cybersecurity technology developer Garrison has received $5m from IP Group after being backed by Touchstone in 2015 and 2017.
Mission Secure shields $8m for series A
University of Virginia Seed Fund returned to back industrial cybersecurity spinout Mission Secure in a round co-led by Chevron Technology Ventures and Energy Innovation Capital.
Canada puts $25m into Toronto’s Creative Destruction
Canada’s Strategic Innovation Fund will provide $19.2m for accelerator Creative Destruction Lab over four years with the aim of supporting more than 1,300 science-focused companies.
Michigan doubles spinout total in 2017-18
The university’s Office of Technology Transfer launched 21 spinouts while achieving a 10% rise in inventions disclosed and a record number of licences and options agreed.
Theodorus unveils $23m fund
Université libre de Bruxelles has added a fourth Theodorus fund to its arsenal with an initial close of $23m and a target of up to $33.5m.
OmniSci maps out $55m series C
OmniSci, formerly known as MapD and based on research at MIT, has added $55m to its coffers thanks to investors including Nvidia and Verizon, bringing its total funding to $92m.
Xenergic puts together $890,000
Lund University spinout Xenergic has been backed by LU Holding to deliver power-saving technology for computer memory circuits.

Other News

Futurae authenticates $2m
Insurance firm Axa is among those backing ETH Zurich authentication technology spinout Futurae Technologies, which will use the capital for market expansion.
PervasID registers $2.1m
Cambridge Enterprise, CIC and Parkwalk have returned to back locational data technology spinout PervasID as the business targets further growth in healthcare, retail and security.
Excell shines with $25m fund
University of Rochester-affiliated VC fund Excell Partners has been selected to manage a state government-funded vehicle targeting local companies in sectors such as optics and life sciences.
Tau Ventures takes two
The venture fund of Tel Aviv University has added 3D printing technology developer Castor and geolocation platform provider Hoopo to its portfolio.
Code Intelligence cracks $810,000
Software bug checking developer Code Intelligence spun out of University of Bonn in 2017 and has now been backed by HTGF and Digital Hub Bonn.
Allied Minds links with QuayChain
QuayChain has been formed by Allied Minds to commercialise an IoT hub for industrial sites such as airports, warehouses and transport hubs.

Editor's Picks

Big deal: RCIF and TUS anchor $100m fund
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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