What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants, and everything in between. Got something to celebrate? Click here to share your story.
- Water and wastewater treatment company Evoqua Water Technologies has acquired Cincy-based Aqua Pure Technologies, a water service and equipment company. Terms of the deal weren’t disclosed.
- Ateios recently announced that it has closed an oversubscribed $1.25 million financing round, led by Good Growth Capital. The Techstars-backed startup, located in Indy, is developing a “flexible, paper-thin, customizable battery” for use in electronics.
- Balto, developer of an AI-powered real-time call guidance system for contact centers, has closed a $10 million Series A round of funding, led by Sierra Ventures. Balto was founded in 2017 and is headquartered in St. Louis.
- Madison-based OnLume, developer of a device for fluorescence image-guided surgery, has received a $2 million grant from the National Institutes of Health’s National Cancer Institute.
- Fast Forward Medical Innovation (FFMI), a unit of the University of Michigan’s Medical School Office of Research, has awarded a combined $3.3 million in funding to four biomedical research projects in the inaugural round of the Frankel Innovation Initiative.