IT

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

Intel and Alibaba-backed database software producer MariaDB agreed a $672m reverse merger while predictive analytics provider Pecan AI was one of three GV investments.

Constuction materials marketplace RenoRun's $142m Schneider Electric-backed series B round headed up some large rounds for Canadian companies also including League and Ekona Power.

AInnovation floated weeks after another SoftBank-backed AI technology provider, SenseTime, while a third - Cybereason - has reportedly filed for its own offering.

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CSAA-backed digital home insurer Kin Insurance has backed out of a reverse merger while The Sandbox has committed $50m to a metaverse startup accelerator.

Hitachi's corporate venturing unit is lining up its next fund months after launching its sophomore vehicle, according to Stefan Gabriel.

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

CapitalG was among the investors in the digital asset transfer service’s latest round, which boosted its overall funding to $1bn and valued it at $8bn.

Despite being the first year spent entirely during the pandemic, 2021 underlined the strengths of the ecosystem with spinouts raising nearly $39.2bn.