6 years ago
Sense Biodetection Secures €14 Million to Develop Instrument-Free Diagnostic Tests
Sense Biodetection, a Cambridge-based company, has raised €14 million to develop its instrument-free, point-of-care molecular diagnostic tests
The Series A funding was co-led by Cambridge Innovation Capital (CIC) and Earlybird, with participation from Jonathan Milner and seed round investor Mercia Asset Management
The company plans to use the funds to develop and manufacture a range of tests utilizing its novel, rapid molecular amplification technology, targeting infectious disease applications such as influenza
Sense's vision is to enable decentralised healthcare, allowing rapid tests for viral and bacterial pathogens to be performed within minutes in doctors' offices, pharmacies, or community facilities.
ProblemHealthcare
"Existing molecular diagnostic tests often require specialized equipment and trained personnel, limiting their accessibility in point-of-care settings like doctors' offices and pharmacies."
Solution
"Sense Biodetection is developing instrument-free, rapid molecular diagnostic tests that provide lab-quality results within minutes, enabling point-of-care testing for various conditions, including infectious diseases."