Industrial

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Power Resources Group has bought University of Cambridge-founded metal power producer Metalysis, which had plunged into administration last month.

3D printing developer Carbon raised a new round reaching $260m and featuring corporate backers from different sectors.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

UTokyo Innovation Platform has contributed to a series A round for Connected Robotics, which develops cooking robots for restaurants.

The voice-controlled augmented reality device developer has captured $80m in a Teradyne-led series B round, which included Bose Ventures, Qualcomm Ventures and Kopin.

Rajesh Swaminathan, head of Applied Ventures, spoke to GCV about his unit increasing its investment as it prepares to bring its New York engineering services facility online.

Ahren Innovation Capital, co-founded by eight Cambridge, UK, researchers, has reached its final close, having attracted limited partners including Unilever, Sky and Aviva.

IUniversity of Pennsylvania spinout Exyn Technologies has completed a series A round backed by Yamaha Motor to accelerate the development of its AI drone software.

Penn spinout Exyn Technologies has closed a $16m series A round backed by IP Group to accelerate the development of its AI software for drones.

Grab has so far raised $4.8bn series H round, after Invesco chipped in $300m in addition to the funding provided by corporate investors like SoftBank Vision Fund, Microsoft, Toyota, Ping An and others since June last year.