Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
PreVeil, a US-based encryption technology developer co-founded by faculty from University of California (UC), Berkeley, secured a reported $7m in a series B round led by Presidio Ventures, the corporate venturing division of diversified conglomerate Sumitomo, on Tuesday. Spark Capital, which previously led a series A round of undisclosed size in March 2018, provided follow-on funding. PreVeil was co-founded by Raluca Ada Popa, assistant professor of computer science at UC Berkeley, together with entrepreneurs Sanjeev Verma and Randy Battat. Verma…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
