Modulated Imaging, a US-based light-based imaging systems developer spun out of the Photonic Incubator at University of California, Irvine’s Beckman Laser Institute, has secured $500,000 in seed capital from the Cove Fund and optical technology producer Hamamatsu Photonics KK. The investment marks the first external funding for the spinout, which previously obtained some $8m in research grants from the National Institutes of Health and US Department of Defense. Modulated Imaging’s technology helps medical professionals prevent, diagnose and cure underlying skin conditions.
Stanford University has participated in a $2.5m seed round for US-based data visualisation platform Reflect. The round was led by Draper Fisher Jurvetson with remaining investors including Techstars, Founders’ Co-Op, Liquid 2 Ventures and assorted angel investors.
Byndr, an India-based mobile learning management platform, has received $700,000 in a seed round backed by Education Design Studio, the accelerator of Pennsylvania University, Ben Franklin Technology Partners and assorted angel investors. The company, which helps students stay engaged with their education outside of school, will use the money to drive recruitment across its sales and development teams and to add more features.
