University of California, Riverside is set to open an incubator today dubbed Epic as it gears up to raise a VC fund to provide seed capital.

Osage University Partners and a host of other existing shareholders returned to back a $30m series B round for New York University spinout Clarifai.

Stanford StartX was among the investors that added $6.7m to the $9m in series A funding closed by smart building technology provider Verdigris in December.

South Florida University has broken its own record for licence and option agreements, increasing them by 12% to 133.

Woodford Investment Management, which led an initial series A close of $33.6m for the Colorado spinout a year ago, has returned to provide a $5m extension.

The Harvard spinout has increased a round already backed by Cedars-Sinai and LabCorp from $28m to $45m following an extension provided by unnamed new investors.

Stanford University spinout iRhythm, which had raised a total of $115.5m in equity and debt, has gone public in a $107m initial public offering.

In-Q-Tel has been revealed as an investor in MIT spinout MapD's series A round, which raised $12m in April 2016 from Verizon, Nvidia, Alphabet and others.

Lilly Asia Ventures has returned for genetic testing startup Veritas Genetics' series B round, where it was joined by Jiangsu Simcere Pharmaceutical.

Bruce Zimmerman has resigned as chief executive of Utimco, the investment company of University of Texas System.