The food allergy medicine spinout from UChicago has been backed by the institution itself in a $3.5m seed round.

The autonomous transportation developer hopes to introduce self-driving shuttle buses to Detroit by the middle of 2018.

Plex-VR Digital Technology, which is applying light field and AI technology to virtual and augmented reality, has secured $15.4m.

In addition to securing funding, the company hired Ahmad Abdulkader as its chief technical officer.

Bigfinite has picked up funding from industrial process manufacturer Krohne as it bids to commercialise its pharmaceutical information platform.

Royal College of Art has spun out Pollinator Orchard Management, which will develop agtech to boost pollination rates and crop yields by exploiting natural pollinators such as flies.