About Cyclops MedTech
Cyclops MedTech is a company based in Bengaluru (India) founded in 2015 by Ravi Nayar, Srinivas Rammanna Dorasala, and Niranjan Subbarao.. Cyclops MedTech has raised $1.25 million across 4 funding rounds from investors including Biocon, Molecular Connections and Enzia. The company has 25 employees as of March 30, 2024. Cyclops MedTech offers products and services including BalanceEye VOG, BalanceEye vHIT, and BalanceEye VRT. Cyclops MedTech operates in a competitive market with competitors including XRHealth, Forus Health, Remidio, Tobii Dynavox and NovaSight, among others.
- Headquarter Bengaluru, India
- Employees 25 as on 30 Mar, 2024
- Founders Ravi Nayar, Srinivas Rammanna Dorasala, Niranjan Subbarao
- Stage Minicorn
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Cyclops Medtech Private Limited
- Date of Incorporation 29 Jan, 2015
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$588.05 K (USD)19.41as on Mar 31, 2023
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Net Profit
$16.44 K (USD)-81.17as on Mar 31, 2023
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EBITDA
$3.3 K (USD)-96.54as on Mar 31, 2023
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Total Equity Funding
$1.25 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Biocon
& 11 more
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Employee Count
25
as on Mar 30, 2024
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Products & Services of Cyclops MedTech
Cyclops MedTech offers a comprehensive portfolio of products and services, including BalanceEye VOG, BalanceEye vHIT, and BalanceEye VRT. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Videography for eye movement to assess dizziness and balance disorders.
Tests head impulses for evaluating vestibular function accurately.
Virtual reality system for vestibular rehabilitation and balance training.
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Funding Insights of Cyclops MedTech
Cyclops MedTech has successfully raised a total of $1.25M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(27 May 2016)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Seed - Cyclops MedTech | Valuation | Enzia , Indian Angel Network |
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| Dec, 2020 | Amount | Grant - Cyclops MedTech | Valuation |
investors |
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| Jun, 2018 | Amount | Seed - Cyclops MedTech | Valuation | Capria |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cyclops MedTech
Cyclops MedTech has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Biocon, Molecular Connections and Enzia. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in healthcare, education, and environment sectors through technology-driven solutions.
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Founded Year | Domain | Location | |
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Angel investor network investing in early-stage startups
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Founded Year | Domain | Location | |
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Venture capital firm investing in applied generative AI
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cyclops MedTech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cyclops MedTech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cyclops Medtech Comparisons
Competitors of Cyclops MedTech
Cyclops MedTech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as XRHealth, Forus Health, Remidio, Tobii Dynavox and NovaSight, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
VR-based home therapy systems are developed for symptom treatment.
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| domain | founded_year | HQ Location |
Manufacturer of portable digital eye imaging devices and cloud-based healthcare platforms
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| domain | founded_year | HQ Location |
AI-powered portable solutions for ophthalmic screening and diagnosis are developed.
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| domain | founded_year | HQ Location |
Assistive communication solutions via eye-tracking are provided for differently-abled individuals.
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| domain | founded_year | HQ Location |
Eye-tracking solutions for vision assessment and treatment are provided.
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| domain | founded_year | HQ Location |
Micro-navigation systems for stroke surgery are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cyclops Medtech
Frequently Asked Questions about Cyclops MedTech
When was Cyclops MedTech founded?
Cyclops MedTech was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Cyclops MedTech located?
Cyclops MedTech is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Cyclops MedTech?
Niranjan Subbarao is the current CEO of Cyclops MedTech. They have also founded this company.
Is Cyclops MedTech a funded company?
Cyclops MedTech is a funded company, having raised a total of $1.25M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on May 27, 2016.
How many employees does Cyclops MedTech have?
As of Mar 30, 2024, the latest employee count at Cyclops MedTech is 25.
What is the annual revenue of Cyclops MedTech?
Annual revenue of Cyclops MedTech is $588.05K as on Mar 31, 2023.
What does Cyclops MedTech do?
Cyclops MedTech was founded in 2015 in Bengaluru, India, as a provider of AI and VR-based eye tracking tools in the medtech sector. Operations focus on a wearable head-mounted display device used for clinical assessment of conditions including vertigo, migraine, epilepsy, concussion, and ADHD. A prototype in the form of spectacles equipped with eye-tracking cameras and sensors is developed to capture data during episodes.
Who are the top competitors of Cyclops MedTech?
Cyclops MedTech's top competitors include XRHealth, Remidio and Forus Health.
What products or services does Cyclops MedTech offer?
Cyclops MedTech offers BalanceEye VOG, BalanceEye vHIT, and BalanceEye VRT.
Who are Cyclops MedTech's investors?
Cyclops MedTech has 12 investors. Key investors include Biocon, Molecular Connections, Enzia, Indian Angel Network, and Capria.
What is Cyclops MedTech's valuation?
The valuation of Cyclops MedTech is $3.45M as of Jun 2018.
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