The past week's M&A exits included Genetirate, DataFleets and SightGlass Vision.
Genetirate, a US-based developer of an assay to measure the metabolic rate of individual aquatic animals that was spun out of University of Arizona, has been acquired by biotech firm IMV Technologies for an undisclosed sum. Genetirate was founded in 2018 and secured financing from accelerator Hatch, as well as several awards. IMV will aim to deploy the technology in the salmon and trout farming industries as first markets.
DataFleets, a US-based data storage and management platform backed by Stanford University-aligned venture unit Stanford-StartX Fund, has been acquired by data connectivity software developer LiveRamp for an undisclosed amount. DataFleets had raised $4.5m in seed financing from Stanford-StartX Fund, consumer electronics producer LG, AME Cloud Ventures, Morado Ventures, Lightspeed Venture Partners, Peterson Ventures and private investors in October 2020.
SightGlass Vision, a US-based developer of spectacles to slow the progression of nearsightedness in children that was spun out of University of Washington, is set to be taken over by a joint venture specially created by vision care companies EssilorLuxottica and CooperCompanies. The two corporates will each own half of the joint venture. The deal comes only a few weeks after CooperCompanies had bought SightGlass Vision. Financial terms of the deal, which remains subject to regulatory approval, have not been disclosed.
