Industrial

Allied Minds-backed satellite communication technology developer BridgeSat has closed a $6m series A round.

The SoftBank-backed round could give the China-based ride hailing company the financial base it needs to compete internationally, where it may well use its CVC investments to forge a path.

The advanced manufacturing fund follows on from Apple's $1bn commitment to the $100bn Softbank Vision fund.

Mitsui has led a series D round for the feedstock protein producer that included existing investor and strategic partner Cargill.

The university has spun out Mac Panther Materials, its first spinout using an external team of co-founders.

The two universities have signed a partnership agreement that aims to increase research collaboration, boost commercialisation activities and develop a joint PhD program.

Big data software provider Cloudera has gone public, but the gap between its market cap and the valuation at which Intel invested three years ago may be an ill omen for backers of other unicorns.

SoftBank is reportedly set to invest $225m to lead the hotel booking platform's latest round as part of a large-scale Indian online services investment strategy.

Vegetarian protein substitute developer Nutriati has raised $8m in a round led by Tate & Lyle Ventures, which has also taken a board seat at the company.