4Paradigm has now won backing from Tsinghua University Science Park for its technology, which helps clients build AI apps for purposes including financial services.

Telematics system developer and MIT spinout Cambridge Mobile Telematics has raised $500m from Vision Fund that will be used for product development.

Bristol-linked Graphcore has raised cash from Microsoft, Samsung, BMW i Ventures, Robert Bosch Venture Capital and Dell Technologies Capital at a valuation of $1.7bn.

Pulmonary arterial hypertension therapy business Morphogen-IX has been backed by Cambridge Enterprise and Cambridge Innovation Capital in a $23.3m round.

StartX-backed Lighthouse AI failed to garner enough commercial interest in its interactive household camera despite raising $17m in funding.

Commercialisation firm IP Group has invested in web data analytics business Import.io, continuing the involvement of its Imperial Innovations subsidiary, which had backed the company in 2016.

Andrew Wilkinson will become CEO of Manchester's tech transfer office in the new year, building on his experience at the university generating 2D material spinouts.

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

Cambridge textile dyeing spinout Colorifix has been backed by Cambridge Enterprise and retailer H&M in its first disclosed equity round.

Ikove Venture Partners has launched a $10m venture capital vehicle to help spawn spinouts based on projects at Ohio universities.