Cambridge-based FLIT, an engineering company that builds folding electric bikes for urban commuters, has raised £1.2 million in new funding. The cash injection will be used to scale up production of its latest model, the FLIT M2 at the company’s Cambridge facility.

The Newcastle University spinout will use the funds to develop the company’s sales and drive widespread adoption of its biological transport technology.

Anglo / German partnership harnesses AI to redefine market intelligence for total innovation

Qureight Ltd, the Core Imaging Laboratory developing deep-learning image analytics, and Avalyn Pharma Inc., a clinical-stage biopharmaceutical company focused on developing inhaled therapies to treat life-threatening pulmonary diseases, have announced the initiation of a strategic partnership in progressive pulmonary fibrosis.

Forecasting and planning specialist now provides its Control Tower customers with tailored reports summarising their data on demand, sales, operations and crop availability