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University Medical Devices Raises $1.6M in Seed Funding

Finsmes · 1y ago

University Medical Devices Raises $1.6M in Seed Funding

University Medical Devices (UMD) has secured $1.6 million in seed funding to further develop its infrastructure and advance the production and marketing of its MicroWash device. The Omaha-based medical device developer aims to provide a less invasive alternative to nasal swabs for COVID-19 and other respiratory infections. The funding round, led by Bright Minds Capital Partners and Invest Nebraska, concluded in December 2023. UMD is working in collaboration with the University of Nebraska Medical Center and its commercialization wings UNeMed/UNeTech.

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Unfabled Raises $1.6M in Seed Funding

Finsmes · 1y ago

Unfabled Raises $1.6M in Seed Funding

London-based women's health and wellbeing platform, Unfabled, has raised $1.6 million in seed funding, bringing its total funding to $2 million. Participants in the round included Morgan Stanley, Atomico Angels, and Founders Factory. Unfabled plans to expand its platform and develop its in-house data science capabilities to further enhance its B2B offerings. The platform provides curated and personalized solutions for women's health needs, helping users find effective treatments for various conditions. Unfabled already serves over 300,000 users seeking solutions for menstrual issues, pregnancy, and menopause.

Deeptech startup Theranautilus raises $1.2 million in round led by Pi Ventures

Economic Times

Economic Times · 9m ago

Deeptech startup Theranautilus raises $1.2 million in round led by Pi Ventures

Indian deeptech startup Theranautilus has secured $1.2m in seed funding led by Pi Ventures. The company, focused on developing nanorobotic solutions for healthcare, aims to establish an ISO-certified manufacturing facility to commercialise nanorobotics-based medical devices. Initially, it will concentrate on dental care applications and will file new international patents. Theranautilus was founded in 2020 and solves dental hypersensitivity by using nanorobots to navigate dental tissues and deliver biocompatible materials. The company plans to manufacture over-the-counter medical devices for consumers and specialised tools for clinicians.

Boxs operating B2B manufacturing platform for interior designers raises $1.6M led by Peak XV's Surge, others

IndianStartupNews

IndianStartupNews · 2y ago

Boxs operating B2B manufacturing platform for interior designers raises $1.6M led by Peak XV's Surge, others

Boxs today announced it has raised $1.6 million in a seed funding round led by Surge, a rapid scale-up program by Peak XV. The round also saw participation from Titan Capital and Zetwerk founders, a B2B unicorn startup.

Noccarc developing critical care medical equipment raises $2M led by IAN, others

IndianStartupNews

IndianStartupNews · 1y ago

Noccarc developing critical care medical equipment raises $2M led by IAN, others

Noccarc, a medical devices startup, has secured a funding of $2 million in a round led by Indian Angel Network (IAN). The company, founded by IIT Kanpur graduates, develops and manufactures critical care medical equipment such as ICU ventilators and patient monitors. Noccarc also offers a digital platform for remote access to device data and plans to integrate AI-based services in the future. The funding will be used to accelerate growth, expand the product portfolio, and establish a sales and distribution network. Noccarc aims to tap into the growing medical devices market in India, which is expected to reach $50 billion by 2030.

OpenAI-backed healthcare AI startup Ambience raises $70 million in funding

Economic Times

Economic Times · 1y ago

OpenAI-backed healthcare AI startup Ambience raises $70 million in funding

Ambience Healthcare, an AI startup backed by OpenAI, has raised $70 million in a Series B funding round. The San Francisco-based company offers software tools powered by large language models, similar to OpenAI's ChatGPT, to provide AI assistance to healthcare workers. Ambience Healthcare's flagship product, AutoScribe, generates real-time AI medical notes, while other tools aid in creating after-visit summaries and referrals to specialists. The startup has customized its AI by medical specialty and is currently being utilized by organizations such as the University of California and Memorial Hermann Health System.

Everstone-backed stent maker Translumina raises pre-IPO funding

VCCircle

VCCircle · 8m ago

Everstone-backed stent maker Translumina raises pre-IPO funding

Everstone-backed stent maker Translumina Therapeutics, which manufactures cardiac stents and cardiovascular medical devices, has raised pre-IPO funding from domestic and international family offices. The India-focused private equity firm, Everstone Capital, backs Integris Health Pvt. Ltd, the parent company of Translumina Therapeutics. With this funding, Translumina aims to strengthen its position as one of the largest cardiac stent manufacturers in India.

Avatar Medical Raises €5M in Seed Funding

Finsmes · 1y ago

Paris and Mountain View-based company, Avatar Medical, has raised €5M in seed funding to further develop its real-time solution for surgeon-patient engagement. The funds will also be used for commercialisation in the US and Europe and to accelerate the development of its AvatarCloud product, which utilises 3D and XR renderings during patient consultations. CEO Xavier Wartelle expressed excitement at the opportunity to launch the FDA-cleared solution in the US and expand sales to medical schools in both continents.

Total emergency network, Maidaan raises early-stage funding

VCCircle

VCCircle · 1y ago

Total emergency network, Maidaan raises early-stage funding

Healthcare logistics startup Total Emergency Network has secured Rs 2 crore in seed funding from Biorx Venture Advisors and undisclosed high-net-worth individuals. The Hyderabad-based startup offers a healthcare-focussed logistics platform, providing ambulance services and medical personnel within 15 minutes across India. Social entertainment platform Maidaan has also raised an undisclosed amount in a pre-seed funding round led by Inflection Point Ventures and EvolveX. Maidaan hosts live olympiads and tournaments for school children and aims to provide exposure and opportunities beyond school education.

Wisedocs Raises $9.5M in Series A Funding

Finsmes · 1y ago

Wisedocs Raises $9.5M in Series A Funding

Wisedocs, a Toronto-based machine learning SaaS for medical record review and summarization, has secured $9.5 million in Series A funding. The round was led by Information Venture Partners, with participation from Thomson Reuters Ventures and ManchesterStory. The funds will be used to expand the company's operations and business reach. Wisedocs offers a platform for insurance carriers, healthcare providers, law firms, and TPAs to improve the accuracy and speed of processing medical records. They previously raised $4.1 million in a seed round in 2022 and launched their Summaries platform in 2023.

From Atlan To Lendingkart — Indian Startups Raised $220 Mn This Week

Inc42 · 1y ago

From Atlan To Lendingkart — Indian Startups Raised $220 Mn This Week

Indian startups raised a total of $220.2 million in funding across 21 deals between May 6 and 11. This marks a 30% decline from the previous week. Atlan, a data collaboration software provider, secured the largest funding round of the week with $105 million in a Series C round led by GIC and Meritech Capital. The funding trends were muted overall, with seed funding dropping by 32% to $8.4 million. Additionally, Hexaware Technologies acquired data consulting firm Softcrylic, and KKR announced its acquisition of medical devices company Healthium Medtech Ltd.

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