The NUI Galway data investigation spinout plans to diversify beyond its core law enforcement and security service markets with features suitable for life science and financial clients.

The Columbia University spinout will use the $5.3m to further develop its data loss detection platform and hire more staff.

The Maryland Momentum Fund has made its second investment, providing $250,000 to NextStep Robotics.

The round follows a $2m Hiscox-backed seed round for the insurance digitalisation startup in 2016, and will be used for product development.

Lightelligence, which is developing microchip technology based on light signals, has secured $10m in a Baidu Ventures-led seed round.

The spinout is building drug discovery technology that uses artificial intelligence and machine learning to identify biomarkers, drug targets and pathways.

Princeton University has backed the business, which is piloting a fish farming optimisation technology in Norway.