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Oct 25, 2024 · From the city of dreaming spires to a tower of cash raised from its efforts, the technology transfer arm of Oxford University today lifts the hood on the engine driving the local economy. Oxford University Innovation (OUI) raised around £900 million, filed scores of new patents and created more than 15 new companies in the year to July 2024.
Global coup for CMR Surgical as FDA backs Versius robot surgery …
Global coup for CMR Surgical as FDA backs Versius robot surgery for US market. The world’s largest market for keyhole surgery – spanning millions of patients – has been opened up to Cambridge pioneer CMR Surgical through an historic and transformative approval from the FDA in the US. CMR Surgical’s Versius system. Credit – CMR Surgical.
Cambridge the honey pot for US again as Visa swoops for …
25 Sep, 2024. Tony Quested. Cambridge-based online fraudbuster Featurespace is to be acquired by San Francisco company Visa – quoted on the New York Stock Exchange – for an undisclosed sum. Business Weekly has fielded reports from California that Visa could pay close to $1 billion. Featurespace co-founder Dave Excell.
Oyster Yachts sails back to profit after remarkable turnaround
Apr 10, 2024 · Oyster Yachts, whose roots run deep in East Anglia, has made a remarkable return to profit having been saved from bankruptcy by tech entrepreneur Richard Hadida in 2018. The luxury yacht manufacturer sailed into the black with a 29 per cent year-on-year increase in turnover to £56.4 million in 2023. Hadida has invested heavily in the business ...
Mills & Reeve advises Gearset on maiden acquisition
Oct 9, 2024 · National law firm Mills & Reeve advised Cambridge-based Salesforce DevOps solutions provider, Gearset, on its first acquisition as part of an ambitious growth strategy. Gearset bought London-based Clayton, a cutting-edge code analysis platform designed specifically for Salesforce, following years of rapid growth, fuelled by a $55 million growth investment from Silversmith Capital Partners.
Mestag Therapeutics lines up potential $1.9bn haul from MSD
Oct 8, 2024 · Mestag Therapeutics lines up potential $1.9bn haul from MSD. Mestag Therapeutics, a Cambridge biotech harnessing new insights into fibroblast-immune interactions, has entered into a license and collaboration agreement with MSD (tradename of Merck & Co., Inc) to identify novel targets for the development of therapies against inflammatory diseases.
AI chip design ‘babe’ Fractile thanks Cambridge for bouncing …
Jul 28, 2024 · With this seed cash injection Fractile has now raised $17.5m (£14m) in total funding. Fractile claims that under the current regime AI models are very expensive to run, their performance inhibited and their potential future capabilities restricted. It is hard for AI model builders to deliver meaningful differentiation, the company claims.
Cambridge tech ecosystem valued at $191 billion by Dealroom
May 22, 2024 · The Cambridge tech ecosystem has a value of $191 billion, representing 18 per cent of the entire UK’s tech ecosystem and more than Spain and Italy combined, according to new analysis by Dealroom for Founders at the University of Cambridge. However, a statement in the analysis that Wayve – one of the leading fundraisers cited in the report ...
Parkwalk leads £4m investment in Psyomics - Business Weekly
Parkwalk leads £4m investment in Psyomics. 10 Jun, 2024. Tony Quested. Cambridge-based mental HealthTech company Psyomics has raised £4 million growth capital, with Parkwalk Advisors contributing £3.5 million as lead investor. Psyomics CEO, Dr Melinda Rees. Credit – …
Cambridge Judge Business School and Cranfield back new MBA …
10 Oct, 2024. Newsdesk. Cambridge Judge Business School and Cranfield School of Management are among six organisations promoting new MBA scholarships for scientists. The programme forms part of an initiative to make the UK a tech superpower. Lord Sainsbury, settlor of EIBF. Courtesy – EIBF.