The news roundup for the week ending 15 July 2016.
Darktrace detects investors to raise $65m
The SoftBank and Indosat-founded SB Isat fund was among the investors in a round that valued the cybersecurity software producer at more than $440m.
Holliday breaks with Oxford University Innovation
Richard Holliday has left the tech transfer office to join Oxford spinout Bodle Technologies.
Washington supports new realities
Virtual and augmented reality gains its own incubator at University of Washington while the institution rebrands its incubation spaces and opens them up to external startups.
University Ventures invests in staff
Two new hires join higher education investment firm University Ventures as it promotes Aanand Radia to managing director.
M25 Group, a partner of Purdue Foundry, announces its $10m second fund that will enable the firm to invest in 20 companies per year for the coming three years.
Sapience evolves to series A stage with $22.5m
Celgene has backed a funding round for oncology treatment developer Sapience Therapeutics, a spinout of Columbia University.
IIM Ahmedabad readies $150m fund
As the Indian Institute of Management Ahmedabad’s Infuse Ventures fund nears full deployment, the institution prepares to launch the $150m Bharat Innovations Fund.
Ablatus is treated to $648,000
UK government-created and EU-backed institutions support Ablatus Therapeutics in its $648,000 round to commercialise a potential treatment for solid cancer tumours.
