Aston Eyetech spots $6.6m series A

Nov 21, 2017 •

The ocular device spinout hopes to rapidly develop portable devices for eye testing powered by artificial intelligence software.

Aston Eyetech, a UK-based ocular device spinout from Aston University, has raised £5m ($6.6m) in series A funding from commercialisation firm Mercia Technologies and an undisclosed Asia-based investment syndicate.

Mercia contributed £1.8m to the funding round, acquiring a 19.4% stake in the company.

Founded in 2013, Aston Eyetech is building digital machines to monitor eye health for ophthalmological conditions. The artificial intelligence-powered devices are designed to be more portable than conventional models to help reach patients who are unable to…

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