Industrial

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

QuayChain has been formed by Allied Minds to commercialise an IoT hub for industrial sites such as airports, warehouses and transport hubs.

Research institute DFKI has launched a spinout to deliver robotics and AI-based technologies originating from its Bremen-based Robotics Innovation Centre.

The MIT-affiliated Engine Fund has achieved a final close of more than $205m, above its initial target of $150m.

Lettus Grow, an irrigation system provider from University of Bristol and SetSquared's ecosystem, has been backed by the university's Enterprise Fund.

TUM-founded Twaice Technologies has won backing from UVC Partners to deliver battery management software targeting electric vehicles.

University of Central Lancashire spinout Alusid has raised capital from Frontier IP to help fund a new factory for its building material made from recycled glass and porcelain.

Despite raising a reported $118m in funding from investors including Intel, Alphabet, GE, Mitsubishi and Caterpillar, Airware has shut down.

Tire recycling technology provider Black Bear Carbon has received $12.8m in a round backed by both corporates.

VTC Innovation Fund is among the investors in agricultural management software developer Growers’ latest round.

3D finishing technology developer DyeMansion has been backed by UVC Partners, AM Ventures and BtoV Partners.