Industrial

The Ohio State spinout raised an additional $900,000 to advance its speed control gear technology for industrial robots.

Several existing shareholders including Woodford have returned to back a $17m funding round for Metalysis, which produces metal powders for 3D printing.

The robotic leg developer secured the funding in a series A round featuring Sony Innovation Fund that will support product development.

Siemens' Next47 unit has hired Matthew Cowan, a co-founder of Bridgescale Partners, as it moves to an evergreen investment model.

Nanosatellite internet of things technology developer Myriota has attracted $15m in series A funding from investors co-led by Main Sequence Ventures.

Uber will acquire a 27.5% stake in Grab as part of a deal where the latter will get its local operations, as a small number of players tighten control of the sector worldwide.

Ultimately, those unwilling or unable to compete at the top end of creating market-leading companies risk effectively bringing a knife to a gun fight - they can win sometimes in some areas, but the chances might be against them.

Solar Foods is advancing VTT and LUT research as the basis for a wheat flour-like food protein product fermented using water, electricity and CO2.

Adisseo is the cornerstone investor in a Seventure Partners fund that has reached a first close of almost $30m.

Monsanto Growth Ventures has co-led the first round disclosed by Pairwise Plants, an agricultural gene-editing company based on Harvard University research.