C3 Med-Tech, a startup based in Ahmedabad, India, has received funding from Industrial Metal Powders (amount not disclosed). This funding will be used to launch new portable eye care equipment that uses telemedicine and artificial intelligence (AI) for faster and easier eye checkups.
This technology will allow for immediate and accurate diagnoses of eye problems, along with early intervention. This can significantly improve the chances of preventing vision loss and blindness.
C3 Med-Tech aims to make eye care accessible and affordable in India by creating portable, cost-effective eye screening devices. This funding is a major step forward for the company. They plan to use the money to expand their reach across India and even globally. This will involve marketing efforts, building their team, and developing new products.
C3 Med-Tech already offers several innovative eye care devices that are patented and US FDA-approved. These include the C3 Vision-Portable Slit Lamp, C3 Smartphone Fundus Camera, and C3 Slit Lamp Imaging System. These devices help diagnose many eye diseases, including cataracts, diabetic retinopathy, glaucoma, etc. In addition, they are developing a unique system for recording eye surgeries.
This new product, the C3 Surgery Recording System, will allow C3 to cover all aspects of eye care, from initial screenings in areas with limited resources to recording surgeries in operating rooms.
C3 Med-Tech was previously part of an incubation program at the India- Healthcare Technology Innovation Centre (HTIC) at the Indian Institute of Technology Madras. They have also received multiple grants, including the BIG’17 grant from the Department of Biotechnology (Indian government) and grants from the IIT Madras Incubation Cell. The investment advisory firm INFSPL, based in Pune, India, assisted C3 in securing this latest round of funding.
