Limerick medtech firm Altratech raises €5.2 million
01 June 2017
Limerick medtech firm Altratech has secured €3 million EU funding under the Horizon 2020 programme along with raising an additional €2.2 million from investors. The fundraising was led by Bank of Ireland’s Kernel Capital Growth Fund and Infinity Capital.
Altratech are developing a portable battery-operated 1-hour viral RNA detection kit. This enables rapid diagnosis and decision-making, on-site, in-clinic, nurses, clinicians, veterinarians, and eliminates the delays of waiting for lab RT-PCR results.
These kits allow accurate on-site detection of HIV, Ebola, Zika viruses, in remote settings with little or no infrastructure.
Altratech was founded by Tim Cummins and Brian O’Farrell in 2013.http://www.engineersjournal.ie/2017/06/01/altratech-raises-5-million-euro/http://www.engineersjournal.ie/wp-content/uploads/2017/06/blood-sample-1024x580.pnghttp://www.engineersjournal.ie/wp-content/uploads/2017/06/blood-sample-300x300.pngNewsLimerick,medtech