Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Neural Magic, a US-based developer of deep learning inference software spun out of Massachusetts Institute of Technology, raised $30m on Wednesday in a series A round featuring communications software producer Amdocs and, Comcast Ventures, the investment arm of mass media group Comcast. Venture capital firm New Enterprise Associates led the round, which included Andreessen Horowitz, Pillar VC and Ridgeline Ventures. All the investors apart from Ridgeline had taken part in a $15m seed round in late 2019 that boosted…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
