Industrial laser developer KMLabs has raised $5.5m in an Intel Capital-led series A round that represents its first external funding.

Colorado spinout KMLabs wins $5.5m in support from Intel Capital for industrial lasers.

The oversubscribed fund has been backed by a range of unnamed insurance companies.

The memory product manufacturer had raised more than $85m of debt and equity from backers including Applied Materials and Altera.

Purdue University launches Agsoil Analytics to commercialise agtech for crop management and yields.

Vacuum cleaner developer Dyson acquires Michigan battery spinout Sakti3 for $90m.