Cubie has also joined the 500 Startup accelerator and said Thailand was its largest market with more than 1 million registered users

FundersClub selects start-ups and then lets its members, who have an annual salary of more than $200,000 or net worth of over $1m, invest online.

Alongside Google Ventures in the round were venture capital firms Kleiner Perkins, Andreessen Horowitz, Thomvest Ventures, Kapor Capital, Bronze Investments, Founders CoOp and Data Collective, DST-backed Startfund and angel investors

Venture capital firm Kleiner Perkins Caufield & Byers (KPCB) is providing the initial financing and management for Atara, while Amgen will have an equity stake.

The 2011 Alumni Innovation Survey found there were 39,900 active companies, such as Google and Hewlett-Packard, that could be traced back to Stanford, which would make it the 10th largest economy in the world.

Celgene will provided seed-stage funding as well as help the company raise its series A round and will also have the option to acquire PharmAria.