The university will benefit from a hub to house its AI and biomedical research in addition to co-working space and a think-tank targeting the ethics of emerging technologies.

The vehicle has a target size of $3.7m to be fulfilled by donations from philanthropists, with the aim of providing support to early-stage university businesses and research.

NetScientific has exited its loss-making portfolio companies Vortex and Wanda after originally deciding to close the two medical diagnostics ventures last week.

GreenMark’s dental treatments will be developed in partnership with University of Michigan, which has backed the company’s two-tranche seed round through its Mints Fund.

Baidu, Deutsche Telekom, Naver, New York Times and ProSiebenSat.1 are all set to exit the machine learning software provider in an acquisition by McDonald’s.

Profitable video conferencing technology provider Zoom has filed to go public, with Qualcomm Ventures set to record an exit.

Elaine Jones, vice-president at pharmaceutical company Pfizer’s corporate venture capital unit, has shared highlights of her career with GCV ahead of her departure in April.

Remarks made at Pfizer Women’s Breakfast at JP Morgan by Elaine Jones, vice-president of Pfizer Ventures, in January 2019.

The employee management platform developer has completed an M12-led round that took its overall funding past the $40m mark and will use the cash for hiring.

Amgen Ventures, MRL Ventures Fund and Pharmaron contributed to a round that almost doubled the total raised by the bone marrow disease drug developer since 2012.