A roundup of exits, including IPOs and acquisitions, across the tech transfer ecosystem.
RE2, a US-based autonomous and remotely-operated mobile robotic systems developer spun out of Carnegie Mellon University, has agreed to an acquisition by industrial robotic systems producer Sarcos Technology and Robotics for a total of $100m. Sarcos will pay $30m in cash and $70m in common stock. RE2 had completed a $2.3m series A round led by Draper Triangle Ventures in August 2014, when Riverfront Ventures also invested.
Kinesis Health Technologies, an Ireland-based spinout of University College Dublin that has developed a system to assess elderly people’s physical function, was acquired by digital brain health company Linus Health for an undisclosed amount yesterday. Kinesis will continue to offer its services and operate as a subsidiary of Linus Health. Kinesis had raised $655,000 from Enterprise Ireland and private investors in November 2016.
Veritas Genetics, a US-based genetic testing technology developer spun out of Harvard University, has agreed to an acquisition of undisclosed…
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).
