Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Upstage, a South Korea-based developer of enterprise artificial intelligence technology co-founded by Hong Kong University of Science and Technology faculty, raised KRW31.6bn ($27m) on Wednesday in a series A round featuring telecommunications and internet group SoftBank, which invested through SoftBank Ventures Asia, Pulse News reported. Company K Partners, TBT Premier and Stonebridge Ventures also contributed to the round.
SafelyYou, a US-based developer of artificial intelligence-powered fall detection and prevention technology aimed at dementia patients, has completed a $19.5m series A round backed by the House Fund – a vehicle aligned with University of California (UC), Berkeley, of which SafelyYou was spun out. Eclipse Ventures led the round, with participation from Founders Fund, DCVC, Foundation Capital, TSQ Advisors, Pathbreaker Ventures, Swift Ventures, Pacific Health Ventures, Anorak Ventures and 7Percent Ventures. The spinout emerged out of UC Berkeley’s Artificial Intelligence Research Lab in 2015. Foundation Capital and DCVC reportedly provided early-stage…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
