Funding · Healthcare & Life Sciences
Bioscan Research raises $1M seed funding
By Startup Enthusiast ·
- Date
- Company
- Bioscan Research
- What it does
- Non-invasive brain injury detection devices
- Kind
- Funding
- Amount
- $1M
- Stage
- seed
- Based in
- Mumbai
- Founded
- 2017
What they do
Bioscan Research makes non-invasive devices to detect brain injuries using optics and machine learning
What happened
It raised a $1M seed round led by Unicorn India Ventures, a deeptech-focused VC
Why it matters
The company has grown 5X in the past year and plans to expand in India and international markets
The details
- Bioscan Research raised $1M in seed funding.
- The round was led by Unicorn India Ventures, an early-stage VC with a deeptech focus.
- The company makes non-invasive devices to detect traumatic brain injuries using optics and machine learning.
- Its flagship product is CEREBO, a machine learning-powered NIRS (near-infrared spectroscopy) device.
- The funds will be used for market expansion, regulatory approvals, product upgrades, and new IP creation.
- The company plans to expand in India and international markets.
- Bioscan Research has grown 5X over the past 12 months and targets 3X growth in the next year.
The bigger picture
- Over 50 million people suffer traumatic brain injuries annually worldwide.
- Between 50% and 90% of mild TBIs go unidentified.
- Traditional imaging is not always accessible, especially in emergencies or resource-constrained settings.
- Bioscan's device aims to fill this gap with a portable, non-invasive solution.
About the business
- Bioscan Research is a medtech startup founded in 2017.
- It develops non-invasive brain injury detection devices using optics, electronics, mechanics, and software.
- Its flagship product CEREBO uses machine learning and NIRS (near-infrared spectroscopy) to detect intracranial injuries.
- The company is headquartered in Mumbai.
- It has achieved 5X growth in the past 12 months.
What happens next
- Expand in India and international markets.
- Obtain regulatory approvals.
- Upgrade products and create new intellectual property.
The deal
- Type
- seed
Investors
- Unicorn India Ventures (lead) — Early-stage VC founded in 2016, focused on deeptech including semiconductors, spacetech, AI infrastructure, and medical diagnostics.
Founders
- Anupam Lavania, co-founder
- Shilpa Malik, co-founder
About Bioscan Research
- Product
- CEREBO: non-invasive medical device using near-infrared spectroscopy (NIRS) and machine learning for early brain injury detection
- Customers
- Healthcare providers, hospitals and trauma centers for diagnostic and patient management
- How it makes money
- B2B medical device sales with technology licensing and service operations
- What sets it apart
- Non-invasive detection of intracranial injuries at pre-symptomatic phase with machine learning powered analysis
- Operations
- Combines optics, electronics, mechanics and software for deeptech medical applications
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