Speclipse Attracts $7.7M In Investments

Secures Investors

Speclipse, a startup specializing in laser spectroscopic and AI-based medical diagnosis technologies and a member of Born2Global Centre, recently attracted USD 7.7 million in investments for an accumulated investment total of USD 13 million.

Signite Partners, BNH Investment, Shinhan Capital, and MiCo, who just secured the status of major shareholders earlier this year, were the main contributors to the latest Speclipse investment. MiCoBioMed, an affiliate of MiCo, also contributed funds to support Speclipse’s growth.

Speclipse, which began as a developer of cancer diagnosis devices, was founded in 2015 by a group of master and doctorate degree holders from Stanford University in the USA. The company’s first product, the Spectra-Scope, is a skin cancer diagnosis device that, in 2020, acquired overseas medical device certifications in Australia, Europe, and Brazil. The company is now building a sales network that spans over 20 countries worldwide.

Speclipse’s Spectra-Scope uses Laser-induced plasma spectroscopy (LIPS) technology to enable the real-time, non-invasive diagnosis of skin cancer. Since the device has 95% sensitivity and 87% specificity, it can reduce the performance of unnecessary biopsies while increasing patient comfort and convenience.

Speclipse is expanding the application of its laser spectroscopic technique and artificial intelligence technology originally used for tissue diagnostics to blood analysis. The company’s laser spectroscopic technology overcomes the limitations of existing blood analysis technologies in that it can simultaneously detect small variances in various blood biomarkers. Speclipse also uses Al and deep learning technologies to process and analyze large amounts of blood spectroscopic data, thereby enabling the early diagnosis of gastric cancer and Alzheimer’s disease. These technological developments are expected to change the paradigm of the liquid biopsy field in the near future.

000 said, “The Spectra-Scope targets a type of skin cancer that is highly prevalent among Caucasians. In the United States, the skin cancer biopsy market alone is estimated to be worth KRW 12 trillion. When doctors find a suspicious skin lesion, they tend to examine it with a dermascope and then decide whether to perform a biopsy. However, there are cases where the doctor because of his or her skill level makes the wrong decision on whether the lesion needs to be biopsied. Speclipse’s technology can be used to avoid these incorrect diagnoses.” He added, “Expanding Speclipse’s laser spectroscopic AI-based diagnostic technology from skin examination to blood analysis will be a game changer in the liquid biopsy market for many different types of cancers in addition to skin cancer, which was previously very difficult to diagnose in its early stages.”

SourceSpeclipse
Medical Device News Magazinehttps://infomeddnews.com
Medical Device News Magazine provides our readership with breaking medical device / biotechnology news. Our subscribers include medical specialists, device industry executives, investors, and other allied health professionals, as well as patients who are interested in researching various medical devices. We hope you find value in our easy-to-read publication and its overall objectives! Medical Device News Magazine is a division of PTM Healthcare Marketing, Inc. Pauline T. Mayer is the managing editor.

More News!

MMI notes the funds will support commercialization of the Symani® Surgical System in high-growth markets and continued investment in studies that generate clinical evidence and enable indication expansion. Investments will also accelerate advanced technology capabilities and enable MMI to scale its operational capabilities globally.
“We are excited to begin our journey as a public company with this additional investment. We believe Tevogen’s patient-centric approach, which merges a focus on affordability with advanced science, is a blueprint for sustainable success in the current era of healthcare. I am pleased that investors now have the opportunity to participate in Tevogen’s mission to become the very first life science company offering commercially attractive and affordable personalized T cell therapies for large patient populations in virology, oncology, and neurology, said the CEO of Tevogen Bio.
MB2 Dental notes the financing will be used to fund upcoming acquisitions and future growth for the company, following a record year of growth in 2023 with 150 new partnerships.
Procyrion notes the funding will support the DRAIN-HF pivotal IDE trial evaluating the company's Aortix pump, internal R&D programs to improve manufacturability, and commercialization preparation.
PhotoniCare, in January of this year, announced that the U.S. Food and Drug Administration had granted clearance for its TOMi™ Scope for non-invasive imaging of the middle ear.

By using this website you agree to accept Medical Device News Magazine Privacy Policy