Water-tech company Althion has raised Rs 3.6 crore in a pre-Series A financing circular from IAN Group-powered BioAngels, along with participation from conspicuous financial specialists Arun Seth, Om Manchanda, KNK Venkatraman, and Shubham Rastogi.

The Hyderabad-based company had already raised $180K from C-CAMP and others.

The fresh funds will be utilized to pilot the fabricate of 40 units of its imaginative tabletop research facility water purification system, support R&D endeavors on items and arrangements pointed at improving kidney dialysis productivity and supportability and set up a bigger office to scale its operations, Althion said in a press release.

Founded in 2017 by Surya Rao, Althion creates cutting-edge ultra-pure water frameworks that serve healthcare, inquire about, and semiconductor businesses. The company’s advancements, bolstered by BIRAC and adjusted with the Make in India activity, are enabling dialysis centres, biotechnology labs, and head clinics across the country.

According to Althion, it points to address the high-cost solutions gap with its cost-effective, high-quality offerings. Its exclusive Althion Remote Monitoring System (ARMS) assist improves its competitive advantage by empowering prescient and preventive support. It attests that the company’s items are as of now trusted by renowned institutions, counting Sir Ganga Ram Hospital, Homi Bhabha Memorial Cancer Middle, Narayana Hrudayalaya, and Nephroplus centres over India.

Althionstates that its work has as of now been backed by gifts from BIRAC for the advancement of its tabletop and kidney dialysis items, as well as seed financing from C-CAMP Bangalore and AIC CCMB Hyderabad. Besides, it has been affirmed for financing towards CE stamping and USFDA certifications, which will open markets over Latin America, Africa, and Asia.

source: entrackr.