MSC NewsWire

Founded by Max Farndale 1947 - 2018
  • Home
    • About Us
    • Pricing
    • Global Presswire
    • Industry Organisations
  • News Sectors
    • Headlines Through Today
    • Environmental Talk
    • Out of The Beehive
    • Primary Sector Talk
    • Reporters Desk
    • The MSC NewsReel
    • MSCNetwork
    • FinTech Talk
    • The FactoryFloor Newsreel
    • Trade Talk
    • News Talk
    • Industry Talk
    • Technology Talk
    • Blockchain
    • Highlighted
    • The TravelDesk
      • TravelMedia
      • Sporting Tours
      • Holidays Tours Events + More
      • Airfares
      • Travel Enquiry Form
      • TravelBits
    • Travel Updates
    • The MSC TravelDesk Newsreel
    • Travel Talk
    • Travel Time
    • The Bottom Line
    • Regional News
    • News to Run Advice Form
    • World News
    • NewsDIRECT
    • MSCVoxPops
    • Press Releases
  • National Press Club
  • Contact Us

UniServices invests US$2m into its world leading AI company Soul Machines

  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Email

UniServices has followed Mercedes Benz’s investment into Soul Machines with its own commitment of US$2m to a US$15m+ funding round announced recently by the company.

UniServices, which owns 15% of the company, made the investment through its $20m University of Auckland Inventors Fund.Soul Machines was spun out of the University of Auckland in July 2016 with a Series A investment round by some of the world’s leading AI investors.

The University of Auckland Inventors Fund was formed in 2016, with capital provided from UniServices’ retained earnings from its commercialisation business. Designed to fill a gap in the market for very early-stage capital in deep-tech IP based businesses, and to foster academic and student entrepreneurship, the Fund is typically the first investor in University-derived start-ups. It syndicates with local and global investors, including Horizon Ventures, Brandon Capital and the IP Group, that collectively have over $1bn of capital.

The Fund is designed to create more “stickiness” of start-ups to the local economy and ecosystem and to develop more home-grown entrepreneurial, product development, start-up management and start-up governance talent.

“Soul Machines is exactly the kind of company that the Inventors Fund is designed to support. It has world leading, deeply transformative IP, with a long term vision that will require patient capital to, potentially, deliver superior returns in the long run. The Inventors Fund demonstrates that the University of Auckland is prepared to back its own technology,” Andy Shenk, CEO of UniServices.

Greg Cross, Chief Business Officer of Soul Machines, commented it’s great to have UniServices continuing to support the company alongside Mercedes Benz and Horizons Ventures. “New Zealand needs more technology companies based on deep research and Intellectual Property. The University of Auckland and UniServices are making a massive contribution to developing the ecosystem required to create more companies like us.”

  • Source: A UniServices release
Published in BUSINESS
Tagged under
  • technology
  • press releases

Related items

  • XE Update Friday 30 November, 2018
  • Canada: the ideal North American launchpad for your tech business
  • Wellington Drive's Innovative ECR2 Motor Hits The One Million Mark
  • Plant & Food Research will welcome its 300^th summer student this week.
  • Public lecture probes health of financial system regulation
More in this category: « BusinessNZ supports the case for an Independent Fiscal Institution. Major NZ clean tech company head in NZ to promote biotech »
back to top

Palace of the Alhambra Spain

Palace of the Alhambra, Spain

By: Charles Nathaniel Worsley (1862-1923)

From the collection of Sir Heaton Rhodes

Oil on canvas - 118cm x 162cm

Valued $12,000 - $18,000

Offers invited over $9,000

Contact:  Henry Newrick – (+64 ) 27 471 2242

Henry@HeritageArtNZ.com

 

Mount Egmont with Lake

Mount Egmont with Lake 

By: John Philemon Backhouse (1845-1908)

Oil on Sea Shell - 13cm x 14cm

Valued $2,000-$3,000

Offers invited over $1,500

Contact:  Henry Newrick – (+64 ) 27 471 2242

Henry@HeritageArtNZ.com

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

  • Home
  • Global Presswire
  • Industry Organisations
  • National Press Club
  • Disclaimer
  • About Us
  • Pricing
  • Sitemap
Copyright © 2025 MSC NewsWire. All Rights Reserved.
Site Built & Hosted by iSystems Limited
Top
Primary Sector Talk