Voxelgrids has developed multiple technologies related to MRI scanners, including custom cryogenics and innovative electronic design, and plans to monetize these through OEM partnerships. Its scanners can be mounted on custom mobile platforms for rapid deployment to remote locations and are designed to be operational within a few hours. The company says operational costs such as electricity consumption will be much lower than other scanners in its class. Voxelgrids aims to have multiple full-fledged clinical sites before the end of the financial year. The business is positioning itself as an indigenous, cost-effective alternative to imported or refurbished MRI machines, addressing a market where studies show close to 70% of the world’s population lacks access to MRI scanners and India has about 0.4 scanners per thousand beds. Zoho's investment is intended to accelerate R&D, develop deep technological capabilities and intellectual property, and help bridge the gap between R&D and commercialization.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2021