The underwater drone developer, a spinout of University of Tsukuba, raised the funding in a Beyond Next Ventures-led round that included several corporates.

Yahoo Japan has led a $4.3m round for geomagnetic positioning technology developer IndoorAtlas, three years after Baidu invested $10m in the company.

Yahoo Japan has led a series B round for the University of Oulu spinout, which uses geomagnetic activity to detect a object's location in a room.

University of Iowa spinout IotaMotion has collect seed capital to help develop its robotic system for cochlear implant surgery.

Scottish Investment Bank has supported a funding round for Causeway Therapeutics, a spinout from University of Glasgow that is working on treatments for tendon injuries and disorders.

University of Missouri System is part of a public-private partnership, led by Ameren, that has created an accelerator aimed at energy technology startups.

IP Group has returned to back another funding round for Zeetta Networks, a software-defined networking technology developer based on research at University of Bristol.