Christine Karslake is set to lead UChicago’s Polsky Science Ventures unit and will be tasked with setting up a deep tech-focused accelerator.

The PayPal and Citi-backed cross-border payment technology provider has raised new funding at a valuation topping $1bn.

Indiana University is among four US institutions selected by the US Department of Defense's open national security innovation programme for a new accelerator targeting applied research spinouts.

University of Washington spinout AltPep will use the money to advance work on its lead asset that targets Alzheimer’s disease.

SoftBank Vision Fund returned to reinvest in the outsourcing marketplace operator at a valuation of almost $1bn to take its total funding to $310m.

PureTech Health, Johnson & Johnson and Novartis are in line for exits after the cancer drug developer filed for its initial public offering.

Cambrian Biopharma is the largest investor in cancer immunotherapy developer Sensei Biotherapeutics, which has filed to raise up to $100m.

Novo and existing backer GV participated in a round that lifted the heart disease drug developer's overall funding to more than $215m.

University of Washington spinout AltPep will use the proceeds from the Alexandria Venture Investments-backed round to advance a lead asset targeting Alzheimer’s disease.

Ray's previous job at TD Ameritrade involved participation in investments including enterprise automation software provider HyperScience.