The mining and steel company has formed an open innovation scheme to encourage startups to solve issues it is facing in its everyday operations.

Optical semiconductor products supplier Raysees raised angel funding last year from investors including CAS Star, a Chinese Academy of Sciences affiliate.

BASF paid an undisclosed sum for fragrance and flavour developer Isobionics, which received funding from DSM Venturing five years ago.

Cowles-backed Phytelligence has lost its legal case with Washington State University, leaving the board with no option but to close its crop cultivation business.

Phytelligence has lost its legal case with Washington State University, leaving the board with no option but to close its crop cultivation business.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

DMG Mori, an existing customer of MIT spinout Tulip, has contributed to a round that closed at $39.5m, alongside Vertex Ventures, NEA and Pitango.

Itochu, Mitsui and Qualcomm Ventures were among the investors that supplied series D funding to weather nanosatellite developer Spire Global.

DMG Mori, an existing customer of manufacturing app development platform Tulip, has contributed to a round that closed at $39.5m, alongside Vertex Ventures, NEA and Pitango.