Greenlight Re-backed business health insurance provider Sana secured $20.8m to take its funding to more than $27m altogether.

American Express, Interpublic, US Cellular and Verizon exited the advertising platform developer last year in an acquisition by NinthDecimal.

Stanford University is set to exit video telematics system developer SmartDrive, which has agreed to be purchased after raising at least $265m.

University of Utah's drug discovery technology producer has raised series D funding to increase its post-money valuation to some $1.2bn.

U-M Tech Transfer generated a record number of spinouts for a second consecutive year but reported less funding for its portfolio.

The drug discovery technology producer received $50m from strategic partner Bayer in the round, which valued it at about $1.2bn post-money.

Fluke has added to $30m of series C capital raised by University of Michigan and Virginia-founded Everactive last year.

Alphabet and Salesforce-backed software debugging tool provider Snyk has now raised $452m in funding altogether and pushed its valuation to more than $2.6bn.

PMV Pharmaceuticals – built on foundational work at Princeton – will use some of the proceeds to complete phase 1 trials of its lead asset.

The Intel-backed customer experience platform developer was valued at $2.7bn in an investment secured alongside $150m in convertible securities.