The company has taken the decision after failing to attract investors for a European energy asset acquisition unit.

The spin-out from Queen's University Belfast secured the cash injection from NetScientific and Qubis.

Microsoft will seek to develop data visualisation and modelling through the investment.

Corporates will benefit from the Rosinfocominvest initiative alongside venture capital firms.

The Surrey University start-up received the money from Mercia Fund Management.

The company has now raised $173m in funding so far in 2014, and will use the capital to consolidate its position in its main markets.

The new start-up will focus on creating technology-based solutions for people with motor limitations.

A spin-out from the National University of Ireland, Galway (NUIG), Orbsen Therapeutics will partner with Birmingham University.

The online classified car advertising service has secured $10m and will use the funds to expand its Asian activities.

The new facility will include a $140,000 seed fund.