University of Iowa spinout IotaMotion has collect seed capital to help develop its robotic system for cochlear implant surgery.
IotaMotion, a US-based medical device manufacturer spun out from University of Iowa, secured $2m in a seed round yesterday that featured unnamed private investors made up of friends and family.
Founded in 2015, IotaMotion is based on research by Chris Kaufmann and Marlan Hansen at the university’s Otolaryngology Department.
The spinout is commercialising a robotic-assisted insertion technology to enable a more precise insertion of cochlear implants and is developing an implantable system that will enable post-surgical adjustment of the implants.
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