Every day, Global University Venturing rounds up investments from across the university innovation ecosystem in its deal net.
Federated Wireless, a US-based phone spectrum-sharing technology developer based on Virginia Tech research, has picked up $58m in a series D round backed by commercialisation firm Allied Minds. The round was led by an affiliate of Cerberus Capital Management and also included Singaporean sovereign wealth fund GIC. Federated Wireless completed a $64.7m series C round in 2020 and its investors also include telecoms infrastructure providers SBA Communications and American Tower, telecoms equipment maker Arris International, as well as Pennant Investors.
Rios Intelligent Machines, a US-based developer of end-to-end artificial intelligence robotics workcells for factory automation, has raised $28m in combined series A funding and debt financing led by Main Sequence Ventures, the venture firm set up by research institute CSIRO. The round also included Yamaha Motor Ventures, the investment arm of motorcycle manufacturer Yamaha Motor, as well as Orbit Venture Partners, Hypertherm Ventures, Valley Capital Partners, Morpheus Ventures, Grit…
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).
