Leipzig, Germany-based TEDIRO Healthcare Robotics, a company developing a mobile robotics platform for multiple applications in healthcare, announced that it has secured a seven-figure investment in a seed funding round.
The investment comes from bm|t and the TGFS Technologiegründerfonds Sachsen. Other investors in this financing round are a business angel and the medium-sized robotics manufacturer MetraLabs GmbH Neue Technologien und Systeme, from which TEDIRO was spun off.
With the funds from the financing round, TEDIRO will soon bring the robot onto the market as a medical product and implement test installations in various clinics.
Moving forward, the robot will cover a variety of other applications – from orthopedics to neurology to geriatrics.
The German company will also develop these applications together with partners to position the robot on the market as an innovative therapy platform.
“Our robot THERY helps medical and therapeutic staff to improve the mobility of patients regardless of the presence of staff,” explains TEDIRO founder Anke Mayfarth. “As a physiotherapist, I have always wanted a robot that would take over repetitive tasks for me. This wish is now becoming a reality.”
TEDIRO Healthcare Robotics: Developing smartphone on wheels
TEDIRO Healthcare Robotics was founded by Anke Mayfarth and Dr. Christian Sternitzke from the company MetraLabs and the Technical University of Ilmenau.
TEDIRO develops the “smartphone on wheels” for clinical care.
The company’s primary focus is on developing software applications for therapy and diagnostics, which are utilised on their mobile robot THERY by medical staff to assist with patient mobilisation.
Their robots use camera-based motion capture to analyse patients’ movements and provide them with feedback. The company utilise proprietary AI technology as well as AI available on the market for this purpose.
The company’s first application, gait training using forearm supports, is aimed at patients after surgical interventions on the lower musculoskeletal system, such as hip or knee operations, and was developed together with physiotherapists from the Waldkliniken Eisenberg, one of the largest orthopaedic clinics in Germany.
TEDIRO aims to redefine the interaction between humans and robots, providing healthcare facilities worldwide with technology to address skilled labour shortages, improve workflows, and maintain or enhance patient mobility for as long as possible while ensuring quality care.
TEDIRO relies on MetraLabs’ platforms for robot hardware and navigation and concentrates on the development of medical applications and system integration.
The robot is currently undergoing final testing by a medical technology testing laboratory.
What do the investors have to say?
TGFS Technologiegründerfonds Sachsen provides technology-oriented founders with equity capital for the seed and start-up phase.
The fund was first launched in 2008 by the Free State of Saxony (including ERDF funding) and Saxon financial institutions and has since supported over 100 startups.
The TGFS focuses on young, innovative, technology-oriented companies that belong to the ITC, semiconductor, and microsystems technology, medical technology, life science, environmental and energy technology, and new media sectors.
Sören Schuster, managing director of TGFS, adds: “With our investment in TEDIRO Healthcare Robotics GmbH, we are supporting a technological milestone in healthcare. The combination of advanced robotics and therapy software in the mobile robot platform THERY has the potential to revolutionise therapy. We are proud to accompany the innovative TEDIRO team on its way to becoming an integral part of the field of medical robotics. We are also pleased to be making another investment together with bm|t.”
bm|t is a subsidiary of Thüringer Aufbaubank and the leading address for venture capital and risk capital financing in Thuringia.
bm|t currently manages twelve funds with a total volume of around €445M, which invest in innovative companies in almost all sectors and all phases of corporate development.
Kevin Reeder, managing director of bm|t says, “With the therapy robot THERY, the young company is bringing an innovative assistant to hospitals and rehabilitation clinics that will support specialist staff in completing routine tasks. The experienced founding team convinced us from the outset with its technical solution to the social challenge of the shortage of skilled workers that lies ahead of us. We are pleased that the robots are being built in Thuringia and that we are part of the TEDIRO financing consortium.”
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