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4 December 2017

News round up 4 December 2017

A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.

Author: Thierry Heles, editor

MindTrace draws $1.8m seed round

Based on research at University of Manchester, MindTrace is working on artificial intelligence for autonomous vehicles that is able to continuously improve itself.

Bhaman moves on to Sofinnova

Maina Bhaman has joined Sofinnova Partners after serving as director of healthcare investment at Touchstone Innovations for over a decade.

IP Group builds Australian team

The commercialisation firm, which launched operations down under earlier this year, has appointed several members to its senior executive team.

Codiak develops $76.5m series C

Alaska Permanent Fund and Qatar Investment Authority were among the investors in a series C round for Codiak Biosciences, based on research at Gothenburg and Texas universities.

Vančura leaves RBVC to join Imec

Imec had a first close at €60m for the fund, Imec.xpand, earlier this year, Vančura said, and was targeting up to €100m ($114m) in the second by February.

Puridify clears GE Healthcare acquisition

UCL spinout Puridify has been acquired by GE Healthcare for an undisclosed sum, also providing an exit to Touchstone Innovations and GlaxoSmithKline’s SR One unit.

Envisagenics details $2.25m seed round

The precision medicine research spinout from Cold Spring Habor Laboratory has secured seed capital in a round led by Dynamk Capital.

ColubrisMX and XCatch rise to series A

Crescent Enterprises has put $16m into ColubrisMX and XCatch, both of which are developing robotic medical devices based on research at University of Texas.

Analytical Informatics diagnoses acquisition

Hospital radiology software developer Analytical Informatics, a Baltimore spinout, has been bought by technology manufacturer Philips.

Metasonics hears $13,400 loud and clear

Metasonics will receive $13,400 in prize money from University of Bristol’s New Enterprise Competition to help fund its soundwave alteration platform.

Oxford hits 150 by spinning out 6Degrees

University of Oxford has generated its 150th spinout, 6Degrees, as its technology transfer office celebrates its 30th birthday today.

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