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Cambridge University spin-outs rule the world for cash raised
University of Cambridge spin-outs raised $2.216 billion in capital from 2013-17, putting it at the top of the global list of universities.In this period Cambridge’s spin-outs closed 96 deals, making it...
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Darktrace becomes Cambridge’s 16th $Bn business and No.17 is looming
Cyber defence technology specialist Darktrace has become the Cambridge UK cluster’s 16th billion dollar company and its fastest to achieve unicorn status. It is the youngest surviving unicorn, having...
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Chinese join $5.5m round for Cambridge AI business
Investors from Shanghai have joined a completed $5.5 million Series A1 round for AI business Cambridge Touch Technologies which aims to build on hard-won attraction in Asia.CTT is developing AI-driven,...
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Robotics pioneer clinches record $100m funding as Chinese invest
Cambridge medical devices pioneer CMR Surgical, which is commercialising a new robotics arm to revolutionise keyhole surgery, has made history with a stunning $100 million (£74m) Series B...
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Lab21 in Cambridge launches glandular fever diagnostic
Lab21 Products in Cambridge has launched a new diagnostic for glandular fever. Dual-listed parent company Novacyt says it is the first in a series of new product launches in infectious diseases planned...
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Sanger spin-out in Cambridge lines up $534m payback
Microbiotica in Cambridge UK is set to receive up to $534 million in upfront and milestone payments from a multi-year deal with Roche Group company Genentech.Microbiotica is a leading player in...
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Keep an eye on the time: Don’t lose your break
Let my pain be a lesson to all. I recently had to join the queue outside the Passport Office when 48 hours before my family and I were due to depart on our break I discovered that there was only five...
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Cambridge AI startup wins $15m funding from Europe and Asia
Investors from Europe and Asia have contributed to a $15 million funding round for Cambridge artificial intelligence startup Fetch.AI.A further, follow-up funding round would appear to be on the cards...
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Digital dividend helps Cambridge double foreign direct investment deals
Ahead of the curve technology and science innovation in Cambridge brought a foreign investment boom for the city and the wider East of England region in 2007, EY reports.The emerging global profile of...
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BP and Cambridge University spin-out mines $7m investment
Silicon Microgravity, a spin-out from both BP and the University of Cambridge, has raised $7 million from IP Group, Parkwalk, BP Ventures and Cambridge Enterprise.SMG is a privately held company...
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Killer bacteria chased down by Sanger sleuths
Potentially lethal bacteria, responsible for infecting tens of millions of people worldwide every year, could find their days are numbered through the efforts of scientist sleuths in Cambridge UK and...
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Cambridge technology aims to prevent future Grenfell-style disasters
A Cambridge business has secured £1 million Innovate UK funding to work with academia and enhance a new asset tracking technology to prevent future disasters such as the Grenfell Tower tragedy.RedBite...
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Microsoft acquisition of Ninja Theory secures 100 Cambridge games jobs
US giant Microsoft Studios has signed a letter of intent to acquire Cambridge UK games developer Ninja Theory for an undisclosed sum.The move secures 100 Cambridge jobs and Ninja commercial director...
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Several potential buyers line up to bid for Vernalis
Cambridge life science business Vernalis has received several approaches to buy all or part of the company whose research function is anchored at Granta Park. All the suitors have signed non-disclosure...
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AVEVA shares rocket as buyers hoist market cap past $6bn
Investors gorged on the stock of Cambridge software business AVEVA as leading brokers issued ‘buy’ recommendations and flagged up growth potential for the company following the issue of the first...
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Nokia Bell Labs and university launch new AI hothouse in Cambridge
A new generation of wearable and mobile devices powered by advanced AI is to be developed at a new hothouse in Cambridge created by the university in alliance with US-headquartered Nokia Bell Labs.The...
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Iprova to change the light bulb approach to invention
A Swiss-based AI innovator is set to open a Cambridge operation and is hiring in the cluster for a new kind of role designed to re-invent invention!Iprova creates inventions that help define new...
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Cambridge inflammatory drug pioneer raises $40m
Cambridge biotech startup NodThera, which is working on new treatments for chronic inflammation diseases, has raised $40 million growth capital in a completed Series A round. NodThera is based at...
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Cambridge BioMedTech doyens warn Chancellor to woo investors with tax...
Guardians of life science businesses in Cambridge and the UK, supported by a prominent Cambridge biotech backer, have urged the Chancellor to overhaul Entrepreneurs’ Relief to persuade disillusioned...
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IQ Capital raises £92m of new £125m deeptech fund
Cambridge deeptech investor IQ Capital, has held the first close of its £125 million third fund – IQ Capital Fund III – at £92m.The fund will invest at Seed and Series A stages into UK deeptech...
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