MedTech Firm Cyclops Secures $1 Million in a Fresh Funding Round
Cyclops Medtech, a medical technology company has raised an amount of $1 million (around Rs 7.2 crore) in a fresh funding round. The particular round was led by impact investment fund Unitus Ventures and existing investor CP Bothra.
The chairman and managing director of generic drug manufacturer Medreich Pharma also participated in this funding round.
The funds raised through this funding will be utilized by the company to increase installations of its product BalanceEye, which diagnoses neuro-vestibular conditions, across Tier-2 and 3 cities apart from entering new markets in Asia. The Bengaluru-based company has a target of 1.000 installations over the next five years. A part of the funds will also be used to develop three other products in the neuro-vestibular space.
“We intend t...