Germany-based digital health company Smart Reporting has raised an undisclosed sum from Eurostars, a joint program between the European Commission and intergovernmental organisation Eureka. The company will use the cash to further develop ImageReport, its software product that integrates machine learning-based visual analytics with structured reporting to evaluate medical imaging.
Canada-based smart off-grid company Clear Blue Technologies has raised $1.2m in funding from investors including provincial government-owned agency Federal Economic Development Agency for Southern Ontario, which supplied $400,000, and assorted angel investors. Founded in 2011, Clear Blue’s technology combines cleantech with a communications and cloud platform to control off-grid lighting, security and mobile systems. The money will go towards marketing activities and to target a wider range of international clients.
Sweden-based data protection management software developer DPOrganizer has received €3m ($3.5m) in series A capital from investors led by Swedish state-owned investment fund Industrifonden, with participation from Creades, Inbox Capital, Soläng and angel investors. Sara Resvik, tech investor at Industrifonden, has joined the board. DPOrganizer will use the cash to accelerate global expansion activities, further develop its product and hire additional staff. Inbox Capital and Soläng previously provided an undisclosed sum in March 2017 that was reported by Di Digital as being at least Skr10m ($1.2m).
UK-based micro energy harvesting technology producer Trameto has closed its seed round of undisclosed size co-led by government-owned Development Bank for Wales and Swansea Innovations, the venture fund of University of Swansea. Trameto will use the money to further develop its semiconductor products, which allow the harvesting of any form of energy, including light, thermal gradients and vibrations.
Gan Systems, a Canada-based semiconductor manufacturer, has attracted an undisclosed amount in funding from power systems developer Delta and BMW i Ventures, the corporate venturing arm of carmaker BMW. Gan Systems most recently obtained $20m in a series C round in 2015 that included BDC Capital, the investment arm of state-owned Business Development Bank of Canada. The new funding, which appears to be part of a series D round, will go towards expanded sales activities and accelerated product innovation.
Sweden-based intelligent motion system Imagimob has raised €400,000 ($472,000) in funding from local public-private partnership ECSEL JU and Vinnova, a Swedish government agency focused on R&D, Nordic 9 has reported. The cash will help further develop Edge AI, the company’s technology that relies on artificial intelligence to create advanced motion detection for small internet of things articles. Founded in 2013, the company has now raised more than $1m in total funding from investors also including Almi Invest, Permak Invest, Stoaf and Anette Nordvall.
Phi Life Sciences, a US-based molecular diagnostic and laboratory service company, has collected $200,000 from SC Launch, the entrepreneurial program of South Carolina state-owned firm SCRA. The company is working on screening and diagnostic technologies that it hopes will reduce patients suffering disease mortality and adverse drug reactions.
German public-private partnership High-Tech Gründerfonds has contributed to a €1m ($1.2m) funding round for Node.Energy, a Germany-based software developer focused on optimising energy costs for businesses with on-site power generators. Five angel investors also took part in the round, which will allow the startup to further develop its software and finance a commercial launch in Germany.
Utopia Analytics, a Finland-based software developer that uses artificial intelligence and computational linguistics to prevent illicit content, fraud and cyber bullying from propagating throughout the internet, has obtained €1.2m ($1.4m) from Tekes, the Finnish Funding Agency for Innovation, and Vendep Capital. The company has developed a fully automated, real-time moderation tool and a scalable software-as-as-service platform, and will use the funding as it prepares to expand internationally next year.
A Finnish start-up targets to create a new global standard how social media is moderated. Vendep Capital and Tekes, Finnish Funding Agency for Innovation, invest 1.2M euro in a common endeavour to grow globally and change the way how online moderation is done.
Enpulsion, an Austria-based aerospace propulsion technology spinout from University of Applied Sciences Wiener Neustadt, has raised €1.2m ($1.4m) in funding, Trending Topics reported on Tuesday. The round was led by private investor Alon Shklarek and included a contribution from AWS Seedfinancing, a grant and loan program managed by Austrian state-owned development and financing bank Austria Wirtschaftsservice. [read more about this deal on our sister site, Global University Venturing]
VisionLabs, a Russia.-based facial recognition, data analysis and robotics technology developer backed by conglomerate Sistema, has welcomed financial services firm Sberbank as an investor, according to Finextra. Sberbank purchased a 25% in the startup for an undisclosed amount through its fintech fund Digital Business Development Administration. [this news item first appeared on our sister site, Global Corporate Venturing]