All posts tagged: spinout

University of Bristol cell technology spinout closes first round of funding

University of Bristol cell technology spinout closes first round of funding

[ad_1] A University of Bristol spinout company that is developing cutting edge technology which uses acoustic waves to move cells inside sterile containers without touching them has closed its first funding round. Set up by Dr Luke Cox, Dr Amanda Franklin, Dr James Armstrong and Professors Bruce Drinkwater and Anthony Croxford, Impulsonics is a spinout company which developed out of the Ultrasonics & NDT Group at the University of Bristol. Despite advances in biotechnology, cell culture automation remains a highly manual field. By utilizing acoustic manipulation, the Impulsonics team are developing a unique biotech platform which will help automate a number of the processes for scientists which are currently time-consuming and expensive. Impulsonics’ technology will enable a massive reduction in complexity of key processes for researchers studying cells, and in turn will enable low cost, highly efficient systems for critical pain points such as cell passaging (the highly repetitive process where cells which have filled their current container must be moved to a new one). This will enable a transformation of lab-scale cell culture techniques …

Oxford spinout Infinitopes raises £12.8m to enhance antigen discovery tech

Oxford spinout Infinitopes raises £12.8m to enhance antigen discovery tech

[ad_1] Infinitopes Precision Immunomics, an integrated cancer biotech, has completed a £12.8 million seed funding round led by Octopus Ventures. The round was ‘heavily oversubscribed’ and drew funds from Cancer Research Horizons, Cancer Research Institute, CRIS Cancer Foundation, Kindred Capital, Manta Ray, Martlet Capital, Meltwind Advisory, Saras Capital and Wilbe Capital among others. This latest investment will help accelerate Infinitopes’ installation of new mass spectrometer equipment, enhancing the company’s proprietary tumour antigen discovery and computational immunobiology/AI/machine learning techniques as it looks to treat five more cancers. Since spinning out from Oxford University in 2021, Infinitopes has sought to overcome three key challenges in the field of cancer vaccines. Firstly, using its antigen discovery technologies, the firm identifies and ranks tumour signatures, enabling the accurate selection of novel, synergistic tumour targets. Secondly, it’s working to develop safe and effective proprietary vector delivery systems, capable of stimulating durable T-cell responses necessary to prevent the recurrence of life-threatening cancer metastases. Finally, Infinitopes leverages its deep knowledge of immunology and works with key opinion leaders in order to optimally …

‘Golden Ticket’ scaleup support won by Oxford spinout HydRegen

‘Golden Ticket’ scaleup support won by Oxford spinout HydRegen

[ad_1] University of Oxford spinout HydRegen has been named winner of the 2024 Golden Ticket programme from Pioneer Group, which recognises innovations in planetary health. The programme was open to hydrogen and climate technology companies who are developing solutions to some of the biggest challenges we face. Successful applicants were invited to join virtual venture development workshops, with six shortlisted companies selected to pitch for the grand prize on 27 March as part of Pioneer’s wider planetary health event. It was there that judges from the likes of Innovate UK, the High Value Manufacturing Catapult and Tees Valley Combined Authority, as well as Pioneer and programme partners CPI, selected HydRegen – pitched by its COO Dr Matthew Hodges – as the winning team. HydRegen is a biotech that enables more sustainable chemical synthesis and manufacturing by replacing toxic, heavy-metal catalysts in chemical and pharmaceutical manufacturing, utilising hydrogen as a feedstock within their processes. The firm’s biotechnologies operate under mild reaction conditions, minimising waste and operating in continuous flow. As a spinout from the University of Oxford’s …

University of Bath spinout launched to improve lung cancer treatment

University of Bath spinout launched to improve lung cancer treatment

[ad_1] Prothea Technologies, a new spinout company from the universities of Bath and Edinburgh, has launched aiming to enable lung cancer biopsy and treatment in a single visit. The firm has attracted £10.3 million of investment as it looks to develop a device which can quickly diagnose lung cancer lesions. This device uses a combined endoscope and image-processing system capable of examining the molecular structure of lung lesions. The team is also looking into a laser-ablation catheter to treat lesions immediately after diagnosis, reducing time-to-treatment from weeks to minutes. This would also relieve hospital pressures and improve patient outcomes. Stepping up as CTO of Prothea is Dr Jim Stone from Bath’s Department of Physics. “Establishing Prothea Technologies is essential to bring our unique fibre optic technology into clinic so it can benefit patients”, said Dr Stone. “Prothea pulls together world-leading fibre-optic development from the University of Bath and clinical excellence from the University of Edinburgh – adding in commercial, insight, expertise and know-how to form a fantastic team. “I’d like to thank everyone who’s played their …

Alphabet quantum spin-out Sandbox AQ acquires Good Chemistry

Alphabet quantum spin-out Sandbox AQ acquires Good Chemistry

[ad_1] Sandbox AQ, the AI and quantum firm spun out of Google parent company Alphabet in 2022, has acquired Good Chemistry, a Vancouver-based quantum and computational chemistry startup, for an undisclosed sum. Good Chemistry, founded by Arman Zaribafiyan in 2021 as a spin-off of quantum computing company 1QBit and backed by investors including Green Sands Equity and Accenture Ventures, offers cloud-based tools to accelerate material design. Good Chemistry’s platform lets chemistry developers build chemical simulation apps and workflows using algorithms in quantum chemistry and machine learning as well as quantum computing. In a press release, Sandbox AQ VP Nadia Carlsten said that the acquisition will expand Sandbox’s global presence in addition to adding “proven technologies,” including simulation technologies, and major customers (such as Dow Chemical) to its portfolio. New investors are a part of the deal, too — all of Good Chemistry’s backers have joined Sandbox AQ’s investor base, Carlsten added. “Good Chemistry’s software and existing partnerships will enable us to rapidly accelerate how we bring the benefits of advanced simulation and AI tools to …

Yahoo spin-out Vespa lands M investment from Blossom

Yahoo spin-out Vespa lands $31M investment from Blossom

[ad_1] Vespa.ai, the big data serving engine that just a few weeks ago spun out from Yahoo (full disclosure: TechCrunch’s parent company) into an independent venture, has raised a new round of funds. Blossom Capital led a $31 million investment in Vespa — money that Vespa CEO Jon Bratseth says will be put toward growing Vespa as a standalone business, strengthening the company’s engineering functions and “delivering more features faster to all Vespa’s users.” “In particular, we’ll speed up the development of features that’ll make it easier for developers to create apps that combine AI models with proprietary data sets,” Bratseth told TechCrunch in an email interview. “Vespa has been around for over 20 years, and we’re set up to be around for a lot longer.” Yahoo created Vespa back in 2005 after acquiring paid search service provider Overture, and, through it, a Norwegian search engine called AlltheWeb.com. Working with the e-commerce division within Yahoo, the AllTheWeb team retooled its search tech into a more general-purpose tool that Yahoo developers could use internally to compute …

MarketForce exits three markets, set to launch a social commerce spinout

MarketForce exits three markets, set to launch a social commerce spinout

[ad_1] Kenyan B2B e-commerce company MarketForce has shut down operations in three of its five markets in Africa and is in the early stages of launching a social commerce spinout. TechCrunch has learned that MarketForce’s super-app dubbed RejaReja, which enable informal retailers (mom-and-pop stores) to order fast moving consumer goods (FMCGs) order directly from distributors and manufacturers and access financing, will only be available in Uganda after the company discontinued the offering in Kenya, Nigeria, Rwanda and Tanzania. However, Kenya will continue to serve as the company’s headquarters and a launchpad for Chpter, a social commerce tool that MarketForce has been building to enable merchants “turn conversations on their social media channels into more sales,” Tesh Mbaabu, who will double up as MarketForce and Chpter co-founder and CEO, told TechCrunch while confirming the changes. MarketForce’s deceleration started last year when some VCs reneged on their Series A funding commitments, forcing the company to scale down operations and conduct multiple rounds of layoffs. The cash crunch came amidst the global venture capital downtime that has made …

A spinout with big potential in the cattle industry

A spinout with big potential in the cattle industry

[ad_1] It’s not often that a venture capital firm gets to back a startup again after it has exited — especially one that is still a private company. So when Builders VC got the call that the founders of cattle management software Performance Livestock Analytics (PLA) were looking to spin out from Zoetis, which acquired them in 2020, to keep scaling, Builders general partner Mark Blackwell said he was “jumping for joy.” On Tuesday, PLA announced that it would be spinning out from Zoetis with $7.5 million in funding from Builders VC and Alaris Capital. Builders originally backed the company in 2019 during its seed round. Blackwell said that while the company’s original exit to Zoetis was a solid outcome for the founders, he’s excited to see the startup have the ability to reach what he thinks is its true potential: becoming a software platform for cattle farmers. [ad_2] Source link

Upload Ventures, a SoftBank LatAm spin-out, seeks to raise a 0 million fund

Upload Ventures, a SoftBank LatAm spin-out, seeks to raise a $250 million fund

[ad_1] Less than one year after Upload Ventures spun out of SoftBank’s investment arm, the Latin American-focused investment arm is seeking to raise a $250 million fund, filings show. TechCrunch reached out to Upload Ventures but did not yet what back at time of publication. Reports show that the Mexico and Brazil-focused firm has already landed an anchor investor: TIM, a Brazilian telecommunications business. The entity has committed to investing $50 million in the growth-stage focused fund over the next two years. This comes after the firm invested through its starter capital of $75 million, per Valor Econômico, and announced its goal of raising $130 million by August 2022. Anchor aside, Upload Ventures still has a long way to go. Data published in late 2022 shows that late-stage funding in Latin America – the area where Upload seeks to invest – has been largely impacted during the downturn. Volumes declined 93% in the third quarter of 2022 from a year earlier, the report asserts. And of the 290 investors focused on late-stage rounds in 2021, …