News

PsiKick Raises $16.5M Series B Round to Power a Batteryless Revolution in the ‘Internet of Things’

Business Wire
December 18, 2015

PsiKick, the self-powering Internet of Things (IoT) systems company, has announced a $16.5M Series B financing, led by Osage University Partners and joined by existing investors New Enterprise Associates (NEA), the University of Michigan Investment in New Technologies Fund (MINTS) as well as individual angels. This brings total funding raised by the Company to over $22M. 

Governor McAuliffe Announces New Funding for MACH37 Cyber Accelerator


December 8, 2015

Governor Terry McAuliffe has announced a significant new public-private partnership that will speed the launch of new cybersecurity products and companies in Virginia, leading to new jobs and revenue. General Dynamics Mission Systems will now serve as a sponsor of the MACH37 Cyber Accelerator through an innovative funding and mentorship agreement.

Tears of Joy: UVA Start-up Seeks to Bring New Eye Therapy to Millions

UVA Today
December 3, 2015

Despite spending billions of dollars annually on prescription and over-the-counter eye care products, millions of Americans suffer from chronic dry eye with few or no options for lasting relief. TearSolutions, a new University of Virginia-based start-up, is trying to change that.

Cavion LLC Closes $5M Round of Convertible Debt

Business Wire
November 10, 2015

Cavion LLC, a pharmaceutical company developing T-type calcium channel inhibitors for the treatment of neurologic diseases and solid tumor cancers, announced today that it has closed a $5 million private placement of convertible notes with new and existing investors.

TearSolutions Raises $3M Series A Round to Advance the Treatment of Dry Eye


November 9, 2015

RIVANNA Commences Sales of Accuro™ to Address Spinal Anesthesia

Business Wire
November 5, 2015

Rivanna Medical, a Charlottesville-based biotechnology company, has announced that it has begun selling its Accuro device to anesthesia providers as a result of a successful product launch at the annual meeting of the American Society of Anesthesiologists (ASA) in San Diego. The company also announced that it is continuing discussions with three potential corporate partners.

Biologist Uncovers Fundamental New Strategy for Destroying Cancer Cells

UVa Today
October 28, 2015

CIT Announces FY2016 Solicitation for Commonwealth Research Commercialization Fund

$3.4 million in funding opportunities available for Virginia’s research community

October 27, 2015

The Center for Innovative Technology (CIT) has announced the Commonwealth Research Commercialization Fund (CRCF) Request for Proposals (RFP) for FY2016. The solicitation opens on October 30, 2015 and Letters of Intent (LOIs) are due by Friday, December 4. Award announcements are planned for early June 2016.
 

UVA-Based Public Benefit Company To Provide Safe Drinking Water

UVa Today
October 26, 2015

A new University of Virginia-inspired public benefit company with a global health mission, MadiDrop PBC, has opened administrative offices and a small production facility in Charlottesville, company officials announced at the 2015 Water and Health Conference, held in October at the University of North Carolina’s School of Global Public Health.

Mission Secure, a UVA Defense Company, Closes Second Round to Accelerate Cyber Security Technology


October 21, 2015

Mission Secure Inc. (MSi), a leading cyber physical system defense company, has announced completion of a second round of financing with existing investors. The investment group includes a private equity firm and several high net worth angel investors. Funds will be used to accelerate deployment of its patent-pending MSi Secure Sentinel Platform technology.

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