Institute of Science and Technology Austria has joined forces with Lansdowne Partners to establish a seed fund primarily aimed at spinouts domestically and internationally.

CWRU spinout Neuros Medical has raised $20m in a series AA round backed by Osage University Partners.

Scottish Investment Bank has supported a funding round for Causeway Therapeutics, a spinout from University of Glasgow that is working on treatments for tendon injuries and disorders.

StartX has contributed to a $20m series A round for UnifyID, the operator of an authentication platform that has now secured $23.4m.

The bankrupt saltwater electrolyte battery developer had raised $190m in financing since it was spun out from Carnegie Mellon eight years ago, but was bought for less than $9.2m.

IP Group has returned to back another funding round for Zeetta Networks, a software-defined networking technology developer based on research at University of Bristol.

GV and New Enterprise Associates have co-led a round for the quantum computing technology developer based on University of Maryland and Duke University research.

The language learning platform, spun out from Carnegie Mellon University, increased its total funding to $108m with a series E led by Drive Capital that valued it at $700m.