Deeptech startup Theranautilus raises $1.2 million in round led by Pi Ventures
Theranautilus, which develops nanorobotic solutions for healthcare, has raised $1.2 million in seed funding from Pi Ventures.
The funding round also saw participation from Golden Sparrow Ventures and angel investors including Lalit Keshre, CEO of Groww, and Abhishek Goyal, founder and CEO of Tracxn.
With the new funds, Theranautilus, incubated at the Indian Institute of Science (IISc), plans to establish an International Organisation for Standardisation (ISO)-certified manufacturing facility to commercialise nanorobotics-based medical devices, initially focusing on dental care applications and filing new international patents.
“Nanorobots are now made at a lab scale. But for clinical trials, we need to manufacture nanorobots at an industry scale… Once that is in line, we want to also make medical devices out of it which will be made specifically to control nanorobots inside the human body,” Shanmukh Srinivas, cofounder and CEO of Theranautilus, told ET in an interaction.
Founded in 2020 by Ambarish Ghosh, Debayan Dasgupta, and Srinivas, Theranautilus tackles dental hypersensitivity by using nanorobots to navigate dental tissues and deliver biocompatible materials.
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