The LED technology developer, based on research conducted at Yale University, has raised $5m from investors led by Leyard.

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MSU agriculture data analytics spinout Cibo Technologies was co-founded by Bruno Basso to commercialise a forecasting approach centred on interactions between different nodes in the farming process.

Manny Stockman has been promoted to senior associate, while Anurag Agarwal has been hired as an associate.

The commercialisation firm has issued 7.5 million shares to raise $3.7m in fresh funds.

Touchstone Innovations, which previously led a series A in 2013, has put $3.7m into the series B round and participated alongside several corporates such as GlaxoSmithKline.

Touchstone Innovations, which co-founded the cellular immunotherapy developer in 2007, has contributed to another funding round.