Trade Sale

Niantic has purchased University of Oxford’s augmented reality engine developer 6D.ai and will use the spinout’s technology for large-scale mapping for its games.

QUB-founded cybersecurity business Titan IC is set to become part of Mellanox Technologies, having previously raised funds in 2015.

ABB has agreed to purchase building control point supplier Cylon Controls, providing exits to UCD and energy utility ESB.

Takeda has bought UW spinout PvP Biologics, three years after acquiring an option to buy it in return for $35m in financing.

Nottingham-founded Excellerate Biosciences has been bought by Oxford's spinout OMass Therapeutics, which unveiled a series A extension last week.

McKinsey has bought UVC Partners-backed Orpheus to implement a new service using the company's spending analytics technology.

ICL vascular implant spinout Veryan Medical has been bought by medical device firm Otsuka after raising $56m from investors including IP Group.

Ziylo, a spinout from University of Bristol that is working on a diabetes treatment, has been acquired by Novo Nordisk for a total that could exceed $800m.

VW will invest $100m in QuantumScape and form a joint venture with the Stanford spinout to develop batteries for long-range electric vehicles.

Versant's unusual build-to-buy model has resulted in Roche acquiring a target for MS based on UCSF research and the venture firm launching a new spinout, Pipeline Therapeutics.