About Cyclops MedTech
Cyclops MedTech is a Healthcare company based in Bengaluru (India) founded in 2015 by Ravi Nayar, Srinivas Rammanna Dorasala, and Niranjan Subbarao. Provider of an AI and VR-based eye tracking solution for eye balancing and testing. It operates in the Healthcare and Technology sectors. Cyclops MedTech has raised $1.25 million across 5 funding rounds from investors including Biocon, Molecular Connections and Enzia. The company has 25 employees. Cyclops MedTech was last valued at $3.45 million in June 2018. Its chief executive, as recorded, is Niranjan Subbarao. Its Indian entity Cyclops Medtech Private Limited reported revenue of ₹4.89 Cr. Cyclops MedTech offers products and services including BalanceEye VOG, BalanceEye vHIT, and BalanceEye VRT. Its focus areas include HealthTech, Assistive Tech, Assistive Software and VR Accessibility. Its competitors include Forus Health and Remidio; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 25
- Founders Ravi Nayar, Srinivas Rammanna Dorasala, Niranjan Subbarao
- Stage Minicorn
- SectorsHealthcareTechnology
- Email••••••••
- Phone•••• ••••
- Website cyclopsmedtech.com
- Social LinkedIn X Facebook YouTube
- Legal Name Cyclops Medtech Private Limited
- Date of Incorporation 29 Jan, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹4.89 Cr
FY 2023 · +19% YoY
- Net Profit₹13.7 Lakh
FY 2023 · 3% margin
- EBITDA₹2.7 Lakh
FY 2023 · 1% margin
- Total Equity Funding$1.25M (USD)
in 5 rounds
- InvestorsBiocon
& 11 more
- Employee Count25
Associated legal entities of Cyclops MedTech
Cyclops MedTech operates through Cyclops Medtech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cyclops Medtech Private Limited CIN U74900KA2015PTC078575 | Active | 29 Jan 2015 | Bangalore, Karnataka | ₹4.9 Cr | 25 | 4 | View details |
Products & Services of Cyclops MedTech
Cyclops MedTech offers a comprehensive portfolio of products and services, including BalanceEye VOG, BalanceEye vHIT, and BalanceEye VRT.
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.
Apps and channels of Cyclops MedTech
its YouTube channel Cyclops Learning Lab has 4.32K subscribers and 30 videos.
Videos from Cyclops MedTech
The most watched videos on Cyclops MedTech's YouTube channel, Cyclops Learning Lab (4.32K subscribers). Click a video to play it here.
More on Cyclops Learning Lab.
Funding Insights of Cyclops MedTech
Cyclops MedTech has successfully raised a total of $1.25M across 5 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 $1.25M
- Total Rounds 5
- Investors Count 12
All 5 funding rounds of Cyclops MedTech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2020 | $100,000 | Seed | – | Enzia, Indian Angel Network | – |
| Dec 2020 | Grant | – | – | ||
| Jun 2018 | $1M | Seed | $3.45M | Capria | |
| May 2016 | $148,734 | Seed | $1.16M | – | |
| Jan 2015 | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2018 | $3.45M | •••••••• |
| May 2016 | $1.16M | •••••••• |
Last known valuation $3.45M (Jun 2018). 12 investors in total: 9 institutional and 3 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in healthcare, education, and environment sectors through technology-driven solutions. | 2019 | enzia.vc | Bengaluru, India | |
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Venture capital firm investing in applied generative AI | capria.vc | Seattle, United States | ||
Sector-agnostic startups are accelerated by SINE, backed by IIT Bombay. | sineiitb.org | Mumbai, India | ||
Supporting startups with India scale and global potential through venture advisory and partnerships. | unitus.vc | |||
Databases and analytics for drug discovery are provided. | 2002 | molecularconnections.com | Bengaluru, India | |
Drug R&D services are provided for multiple therapeutic areas. | 1978 | biocon.com | Bengaluru, India | |
CP C P Bothra | unknown_ce265173f8ed46438 |
Investor details for Cyclops MedTech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Cyclops Medtech Private Limited (Cyclops MedTech)
Cyclops Medtech Private Limited is the primary company behind Cyclops MedTech. The board of Cyclops Medtech Private Limited currently have 4 directors; the longest-serving is Ravi Chandran Nayar, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ravi Chandran Nayar DIN 07043276 | Director | 29 Jan 2015 | 11 yrs 9 mo | Cyclops Medtech Private Limited |
| Dorasala Rammanna Srinivas DIN 07043290 | Director | 29 Jan 2015 | 11 yrs 9 mo | Cyclops Medtech Private Limited |
| Niranjan Mysore Subbarao DIN 03032895 | Director | 29 Jan 2015 | 11 yrs 9 mo | Cyclops Medtech Private Limited |
| Chandanmal Pukhraj Bothra DIN 00023108 | Nominee Director | 09 Jul 2018 | 8 yrs 3 mo | Cyclops Medtech Private Limited |
People of Cyclops MedTech
6 people are tracked at Cyclops MedTech (4 in leadership, 2 in team); the tracked headcount is 25.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder & Head, Product Innovation | Leadership | |
Abhishek Bhat | Area Sales Manager | Team |
Pramod Manjunath | Lead - Regulatory Affairs & New Initiatives | Team |
Complete people profiles for Cyclops MedTech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Cyclops MedTech
Figures of Cyclops Medtech Private Limited, the primary company behind Cyclops MedTech, for FY 2023. Revenue was ₹4.89 Cr (+19% year on year). Net profit was ₹13.7 Lakh (3% margin). EBITDA was ₹2.7 Lakh (1% margin). Revenue has grown at a compounded annual rate of +24% over three years and +28% over five years.
- ₹4.89 CrRevenue · FY 2023 · +19% YoY
- ₹13.7 LakhNet profit · 3% margin
- ₹2.7 LakhEBITDA · 1% margin
- ₹1.6 LakhPaid-up capital
- 25Employees (provident fund records)
- +24%Revenue CAGR, 3 years
- +28%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Cyclops Medtech Private Limited are on its company page.
Detailed financial statements for Cyclops MedTech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Cyclops MedTech
4 dated milestones of Cyclops MedTech across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Cyclops MedTech is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Grant,.
Competitors of Cyclops MedTech
Cyclops MedTech has 2 listed competitors in our database, 2 of them funded. They include Forus Health and Remidio.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| forushealth.com | 2010 | Bengaluru, India | $18.12M | 171 | Manufacturer of portable digital eye imaging devices and cloud-based healthcare platforms | |
| remidio.com | 2009 | Bengaluru, India | $25.01M | 164 | AI-powered portable solutions for ophthalmic screening and diagnosis are developed. |
Detailed competitors of Cyclops MedTech
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Cyclops MedTech
The website of Cyclops MedTech (cyclopsmedtech.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 27.4% vs previous month
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Related news about Cyclops Medtech
Complete news archive for Cyclops MedTech
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Verified entity values are shown only after access is granted.
Frequently Asked Questions about Cyclops MedTech
Cyclops MedTech was founded in 2015.
Cyclops MedTech is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Niranjan Subbarao is the CEO of Cyclops MedTech, as recorded in our data. They have also founded this company.
Cyclops MedTech is a funded company, having raised a total of $1.25M across 5 funding rounds to date.
Cyclops MedTech has 25 employees.
The primary company behind Cyclops MedTech, Cyclops Medtech Private Limited, reported revenue of ₹4.89 Cr for FY 2023, up 19% year on year.
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.
Cyclops MedTech's top competitors include Remidio and Forus Health.
Cyclops MedTech offers BalanceEye VOG, BalanceEye vHIT, and BalanceEye VRT.
Cyclops MedTech has 12 investors. Key investors include Biocon, Molecular Connections, Enzia, Indian Angel Network, and Capria.
The valuation of Cyclops MedTech is $3.45M as of Jun 2018.
Cyclops MedTech operates through Cyclops Medtech Private Limited.