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” [...]
Chosen Diagnostics announced it has received a $224,758 grant from the National Science Foundation for development and commercialization of its biomarker for noninvasive detection of necrotizing enterocolitis, a disease primarily seen in preterm infants. The test, invented by Sunyoung Kim, Ph.D., CEO of Chosen Diagnostics and professor of biochemistry and molecular biology at LSU Health [...]
Today (3 June), Queen’s University Belfast spin-out Re-Vana Therapeutics announced that it has raised $3.25m in pre-Series A funding. The start-up, which develops sustained-release therapeutics for significant sight-threatening ocular diseases, said that the round was oversubscribed by more than $1m and closed in two tranches. The first tranche was led by ExSight Ventures, with participation [...]
Resilia, a tech company that services nonprofit organizations and the organizations that want to donate to them, has announced an $8 million Series A funding round. It’s that highest venture capital raise by a female-founded tech company in Louisiana, according to GNO, Inc. It’s also one of the largest Series A funding rounds made by [...]
Molekule, a tech startup born out of University of South Florida research, has closed another multimillion-dollar investment round. The San Francisco-based company with a focus on clean technology raised $58 million this week. "The air purifier market is one of the fastest-growing markets in the world right now, and there is an incredible need for companies like [...]
COLUMBIA, Md., Jan. 8, 2020 /PRNewswire/ -- TEDCO, Maryland's economic engine for technology companies, announced its recent round of funding for select projects through the Maryland Innovation Initiative (MII). This round of funding includes project grants for technology assessment and investments in the spin-out companies, from its five partner universities for a total of $2.63M. Established in 2012, the MII program was created [...]
IU Ventures has invested $250,000 in Qumulex, a company poised to transform the video surveillance and access control industry by unifying video surveillance and access control with cloud storage and accessibility. The investment is part of a Series Seed II funding round. Qumulex is developing a platform of security solutions, including both hardware and software, for the [...]
RxRevu, a Denver, Colorado-based company focused on prescription decision support, has wrapped up a $15.9 million Series A funding round. Colorado-based health system UCHealth led the round. Participation also came from the University of Virginia LVG Venture Fund, Presbyterian Healthcare Services (NM), Inception Health/Froedtert Health, Children’s Hospital Colorado, UnityPoint Health, JAZZ Venture Partners and other existing investors. Founded in [...]
Movellus Inc., a University of Michigan startup, has secured $6 million in Series A venture funding for a total of $10 million so far. The company provides technology that helps accelerate and optimize semiconductor chip design. Its applications include cloud computing, the Internet of Things and artificial intelligence. The $6 million in funding was led [...]
ANN ARBOR—The University of Michigan will make a $2.75 million initial investment into four U-M startups with potential funding of up to $20 million through subsequent financing rounds. The U-M Board of Regents approved the investments Thursday through the Michigan Investment in New Technology Startups initiative. The MINTS fund, which is overseen by the U-M [...]