The Center for Innovative Technology (CIT) today announced that CIT GAP Funds, the direct investment program of the Virginia Innovation Partnership Authority (VIPA) Investment Division, has invested in Centreville, Va.-based BloomCatch. BloomCatch is a versatile mobile plant identification app that combines cutting edge machine learning with live human experiences to connect plant parents to plant experts [...]
A West Lafayette-based life sciences diagnostic startup has closed on a $1.8 million seed round of funding. Amplified Sciences, which is developing diagnostics designed to detect debilitating diseases more quickly, says the round was completed by an investment from Chicago-based OCA Ventures. Amplified Sciences Chief Executive Officer Diana Caldwell says the funding will help validate the [...]
Xilis, a startup founded by two professors at Duke University focusing on technology to boost precision health and oncology, has landed $70 million in new funding with Google Ventures among the backers. The two-year-old company had previously raised close to $5 million. “Our vision is to transform cancer care in diagnostics and reshape drug development [...]
Rheaply, a Chicago startup that specializes in recycling and sourcing unused items, has raised new funding from Microsoft and MIT. The startup, led by CEO Garry Cooper, landed $2.2 million from Microsoft’s Climate Innovation Fund and MIT Solve’s investment arm, Solve Innovation Future. Founded in 2015, Rheaply has set out to strengthen the "circular economy," a term [...]
Iterate Labs, a startup with Cornell beginnings that uses wearable sensors and computer vision to drive factory production and worker safety, has obtained $1 million in seed funding to support the company’s growth. The funding award was led by Monozukuri Ventures, a specialized investor in hardware and manufacturing technology companies, with co-investor Tyson Ventures, the [...]
Two faculty members have been selected to receive Lab Bench to Commercialization (LB2C) grants from the Eberly College of Science in 2021. The competitive program provides funding for researchers in the college, enabling them to enhance the commercial potential of ongoing research and prepare them to translate their intellectual property to the marketplace. This year's [...]
The Office of Commercialization has awarded 10 Washington State University researchers with the Commercialization Gap Fund (CGF). The CGF supports research projects with high market potential and provides researchers up to $40,000 to booster their ability to make an economic impact on society. The CGF is funded by a generous donation from the Washington Research [...]
Halomine, a Cornell-based startup developing cutting-edge technologies for the sanitation of food processing equipment, has been awarded $600,000 from the U.S. Department of Agriculture’s National Institute of Food and Agriculture (USDA-NIFA), under Phase II of the Small Business Innovation Research (SBIR) program. One of the primary objectives of the USDA-NIFA program is related to manufacturing [...]
Atsena Therapeutics, a clinical-stage gene therapy company focused on bringing the life-changing power of genetic medicine to reverse or prevent blindness, today announced it has closed an oversubscribed $55 million Series A financing led by Sofinnova Investments with participation from additional new investors Abingworth and Lightstone Ventures. Founding investors Hatteras Venture Partners and the Foundation [...]
A Princeton University spinoff that says its artificial intelligence (AI) platform can help logistics providers operate their companies better has raised $4 million in venture funding and hired an alumnus of Uber Freight and FourKites to promote it. Princeton, New Jersey-based Optimal Dynamics said today that its “CORE.ai” product uses technology it calls “high-dimensional artificial intelligence” [...]