Cloud storage and file sharing service Hightail raises $34m series E funding, led by Western Digital Capital, to take advantage of a potential $220bn cloud services market.

Clarkson University to receive $35m in state money to form biotech commercialisation partnership.

Biotech company Catabasis Pharmaceuticals raises $32.4m B funding led by Lightstone Ventures and including AstraZeneca's MedImmune Ventures, to pursue development of medicines to treat inflammatory and metabolic diseases.

Cash flow management start-up Bill.com raises $38m led by ScaleVP and backed by American Express and strategic investors Bank of America and Fifth Third Bank.

Austrian vaccine developer Hookipa Biotech raises $27.5m series B funding supported by Boehringer Ingelheim Venture Fund and Takeda Ventures, to develop its lead vaccine for immunization against cytomegalovirus and to industrialize its Vaxwave technology for tackling infectious diseases and cancer.

MIT spin-out WiTricity, which is developing wireless power transfer, secures $25m from new and existing investments, including Intel and Foxconn.