Venture capital fund Chiratae Ventures announced seed investment in a medical robotics company Aether Biomedical. The amount of the funding was not disclosed.Other investors in the round include Joyance partners and Sunfish partners.
Aether Biomedical, founded by Dhruv Agrawal and Faith Jiwakhan, claims that Zeus is a low-cost, high efficacy product aimed to create data-driven rehabilitation accessible and more robust. Their state-of-the-art product offers one of the highest grip forces in the market and is priced at a much affordable rate to bring a larger set of amputees under their purview.
The company said the funding will primarily be used for the commercialization of its first product Zeus, a multi-functional hand bionic prosthesis, across India and Europe. The company also aims to continue its research and development efforts by building the next generation of the bionic limb and building accessory products like prosthetic wrists and prosthetic elbows.