The UVC Partners-backed bus and train service hiked its valuation to $3bn in a series G debt and equity round that will fund the expansion of its routes.

SoftBank has led the series E round, doubling MIT Media Labs spinout Formlabs’ valuation to $2bn in the process.

The industrial supplies provider has secured $220m overall after a series E round backed by Harvard Management Company.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Evidation, co-founded by Stanford University and GE Ventures, has picked up series E funding at a $1bn valuation.

The vehicle charging technology developer, spun out of UC Irvine, has now raised $191m in total.

Advancing technology originating at UC Berkeley, Databricks has increased its valuation more than fourfold to $28bn and will use the funding to further scale its business.

Georgia Tech-linked battery technology producer Sila Nanotechnologies has more than tripled its valuation to $3.3bn in the series F round.

The intelligent chipmaker, which traces its roots back to University of Bristol, has secured series E funding at a $2.77bn valuation.

The challenger bank’s Vanderbilt University-backed series G has been boosted by new funding at the same $1.57bn valuation.