Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Inloc Robotics, a Spain-based subterranean infrastructure surveillance technology developer based on Universitat Politècnica de Catalunya BarcelonaTech research, has raised €550,000 ($615,000) in return for 20% equity, according to El Confidencial. The funding came from GoAigua and GoHub Ventures, two subsidiaries of water supply network operator Aguas de Valencia. Founded in 2014, Inloc Robotics has created a robotic surveillance technology which employs computer vision and artificial intelligence in the absence of GPS to navigate underground sewage systems. Aguas de Valencia’s main brand, Global Omnium, will become a preferred Inloc customer following the investment. Other shareholders in Inloc include CIMNE Tecnología, a tech transfer company for BarcelonaTech-backed research hub International Centre for Numerical Methods in Engineering, as well as a third unnamed shareholder from the healthcare space.
CynLr, India-based visual perception technology developer, has obtained Rs55m ($777,000) in a seed round involving Centre for Innovation, Incubation and Entrepreneurship, part of Indian Institute of Management, Ahmedabad, VCCircle reported today. The deal was co-led by Speciale Invest and Arali Ventures, and also featured individual investor Vijay Kedia. Founded in 2015, CynLr is working on a machine vision-based platform that helps industrial robots perceive objects in their path without the need for fixed positioning and guidance systems. The cash will fund continued research and development as CynLr looks to bolster demand for its product.
Polyvalan, a France-based x-ray crystallography spinout formed by regional tech transfer office Pulsalys, has collected €300,000 ($330,000) in funding from public investment bank Bpifrance’s i-Lab, MyFrenchStartup reported on Sunday. Founded in December 2016, Polyvalan has developed technology to determine the structure of proteins. It is based on research at Ecole Normale Supérieure de Lyon and Claude Bernard University Lyon I, as well as French National Center for Scientific Research (CNRS) and French Alternative Energies and Atomic Energy Commission (CEA).
