University of Cambridge's commercialisation arm has found a new entrepreneur-in-residence in Paul Bailey with experience in human capital planning and links with local academic-industry initiatives.

Virtual reality entertainment operator Sandbox VR has amassed $68m in series A capital from investors including Stanford University.

IP Group put up $5.4m for Cambridge fraud detection spinout Featurespace’s latest round to bring the company’s overall funding haul to $70.9m.

Indian Institute of Management, Ahmedabad joined Unitus Ventures and Axilor Ventures to supply seed capital to radiology directory 5C Network, which helps hospitals access radiology expertise.

Evervault is pursuing seed funding for encryption software that protects compromised networks, while MyStudyPal has launched an academic timetabling app.

Third-party venture firm University of Arizona Venture Capital raised its first fund last year and has since backed five Arizona-linked businesses with an average cheque size of $2m.

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

UNL spinout Drone Amplified has devised a drone that conducts fire management stress tests on parklands by dropping small combustible balls filled with glycol on targeted pieces of land.

OSU-founded cybersecurity business DatAnchor has officially launched with an undisclosed sum from the multi-university-backed Ohio Innovation Fund, and Dundee Venture Capital.

Based on Lund University research, group B streptococcus vaccine developer Minervax has now raised $11.4m from investors including Novo.