Mofgen, a spinout of St Andrews University, has received £300,000 ($380,000) from commercialisation firm Mercia Fund Management and Scottish Investment Bank, the investment arm of government-owned Scottish Enterprise. Mofgen is based on research by Russell Morris at the School of Chemistry and is commercialising a coating for medical devices that be given antibacterial, wound-healing and anti-thrombotic agents.
Carnegie Mellon University (CMU) has supported a $4.5m seed round for US-based machine learning startup Solvvy. True Ventures led the round, while Pear Ventures, Signatures Capital, Investment Group of Santa Barbara and private investors also joined. Solvvy is based on research by Mehdi Samadi and Justin Betteridge, who developed the core technology for Solvvy’s self-service platform while pursuing doctorates in artificial intelligence at CMU.
