Industrial

Institution of Mechanical Engineers launches $2m fund which immediately backs spinouts.

The 'quote to cash' software company is the third Salesforce1-affiliated startup to reach unicorn status, as Salesforce ramps up its corporate venturing activities.

The Medtronics-backed flexible electronics developer has now raised $100m since it was founded in 2008.

Innovation consortium America Makes plans $8m fund to support 3D printing research and development.

Road builder Sadbhav Infrastructure Projects secured $31.6m from anchor investors including Tata and Tata AIG Life Insurance as part of the initial public offering.

The venture firm is yet to disclose its new target for the oversubscribed fund, in which Flextronics is an LP, but has already begun investing.

Intel has invested in unmanned aerial vehicle and aerospace Yuneec as part of a deal that will see the two companies collaborate on products.

Auto parts supplier Wanxiang has invested $10m in incubator InnoSpring, which helps startups expand from the US into China and vice versa.

Cavendish Kinetics has not disclosed the investors in its latest round, but counts Qualcomm among its existing shareholders and has raised almost $70m since 2006.