Chiratae Ventures invests in bionics company Aether Biomedical

#News(Startup) [ via IoTGroup ]

Aether Biomedical Sp. z o.o, which operates a medical robotics company that develops rehabilitation-focused devices, has raised funding as part of its seed round from investors including Chiratae Ventures.
Other participants in the funding round in Poland-based Aether include Joyance Partners and Sunfish Partners, Chiratae said in a statement.
The firm has invested in the startup through its DeepTech Innovators Program.
More than 250 companies participated in its latest cohort, including ones operating in sectors such as mobility, robotics, energy, aerospace and biotechnology.
Chiratae did not disclose the amount invested in Aether, which operates in India through Aether Biomedical Pvt. Ltd.
The company was set up in 2017 by Dhruv Agrawal and Faith Jiwakhan.
According to VCCEdge, the data research arm of Mosaic Digital, Aether previously raised funding from a clutch of angel investors in 2018.
The company will use the funding from this seed round to enhance its research and development efforts for building its next generation of bionic products and accessories such as prosthetic wrists and elbows.
“As a company, we’re deeply committed to pushing the boundaries to create solutions that enable fulfilling lives for millions of people across the globe,” Agrawal said.
Chiratae founder and managing director Sudhir Sethi said the investment was part of the firm’s strategy of investing in companies using deep-tech to shape scalable solutions across verticals.
Chiratae Ventures
Formerly known as IDG Ventures India, Chiratae invests in companies across their seed, early- and expansion stages.
Funds operated by it currently have over $700 million under management, with investments in more than 80 companies in sectors such as health-technology, fin-tech, and consumer media.
Some of its portfolio companies include Bounce, Curefit, FirstCry, Forus, Lenskart, Manthan, Myntra and Flipkart.

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