Industrial

SoftBank has led the series E round through its Vision Fund 2, doubling Formlabs’ valuation to $2bn in the process.

The Applied Materials and Scatec Innovation-backed titanium components producer has floated shares on the Euronext Growth Oslo by securing $35m in a private placement.

The industrial supplies provider has secured $220m overall after a series E round backed by Harvard Management Company.

Taraec Mohamed Hussein, head of investments, Fatima Gobi Ventures

SoftBank is participating in a PIPE financing for Flex spinoff Bright Machines, which will walk away with $435m in gross proceeds and a $1.1bn valuation.

Monthly analysis: April 2021

Spinouts always operate, by their very nature, on the cutting edge of science, but every once in a while, one comes along that could prove truly transformational by inventing an entirely new field.

Innovative region: Israel

Special report: Sparsity looks to make AI infrastructure more efficient, AI increasingly useful in the software stack, quantum and classical hardware evolves

University of Tokyo’s micro-satellite technology spinout’s $23.6m round featured exiting shareholder 31Ventures and various new investors.

Desktop Metal has paid an undisclosed amount to buy UT Dallas spinout Adaptive3D.