Ken Porter and Stan Smith have joined UMCP’s office of technology ommercialisation as director and venture investment manager respectively.

University of Iowa's medical diagnostics spinout IDx has collected $33m from investors including Optum, bringing the company’s total to $48m.

State-wide innovation hubs under the banner of Michigan Translational Research and Commercialization will receive money from the Michigan Strategic Fund.

QuayChain has been formed by Allied Minds to commercialise an IoT hub for industrial sites such as airports, warehouses and transport hubs.

HyperLight has been spun out from Harvard University's OTD to manufacture superior modulators for fibre-optic telecommunications networks.

Stanford University’s StartX Fund has joined Bain Capital Ventures, Ironfire Ventures and SharesPost for blockchain technology developer CoinAlpha’s opening round.

BMW and Baidu are among the investors in sensor technology developer Lunewave's seed round, which will go towards building autonomous vehicle sensors based on the Luneburg principle.

Founded by a Northwestern student, cold-brew coffee vendor BrewBike has added the university's NUSeeds fund and angel investors to its seed consortium.

Stanford-StartX Fund-backed microbial diagnostics and wellness product developer UBiome has raised $83m in series C funding.

Principia Biopharma, whose drug discovery platform is based on research at UCSF, has completed a $122m initial public offering after underwriters exercised their greenshoe option.