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Funding · Healthcare & Life Sciences

Bioscan Research raises $1M seed funding

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Date
Company
Bioscan Research
What it does
Non-invasive brain injury detection devices
Kind
Funding
Amount
$1M
Stage
seed
Based in
Mumbai
Founded
2017
Sector
Healthcare & Life Sciences

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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