Amazec Photonics – a photonics-based medical technology company – announced it has secured a €1.5 million seed round of funding to develop its pioneering minimally invasive diagnosis devices. The funding round was led by PhotonDelta (a cross-border growth accelerator and ecosystem of photonic chip technology organizations) with a number of private investors also contributing. The funding round will be used to develop devices for clinical trials.
Cardiovascular diseases are the world’s leading cause of death, as it accounts for 19 million deaths a year. This is due in part to the difficulty in diagnosing conditions, which leads to delays in treatment. Amazec’s solution is a huge step forward in this battle as it can enable much earlier and more accurate diagnosis for minimal costs and complexity.
Amazec Photonics builds easy-to-apply cardiovascular monitoring tools. And the existing solutions are complex, invasive, and often inaccurate. The most common technique to measure cardiac output is called thermodilution – which involves injecting a known volume of liquid upstream of the heart and then measuring temperature changes downstream through specialized catheters inserted into the patient. This has several drawbacks such as an inability to be used reliably during routine examination and large variation between measurements, a lack of sensitivity and high costs. Consequently, this often leads to late or misdiagnosis – severely impacting the outlook for patients.
In contrast, Amazec’s solution uses photonics-based technology for measuring temperature changes to an unprecedented precision of 0.0001˚C (compared to current accuracy of 0.01˚C). And the monitoring device is external which means there is no need to insert catheters. Multiple measurements can be made in real time which improves reliability – this is in contrast to the single measurement used in current methods.
PhotonDelta’s investment in Amazec Photonics is the latest step in the organization’s goal to create a world leading photonics industry in the Netherlands. And PhotonDelta aims to help build 200 startups, create new applications for photonic chips and develop infrastructure and talent.
Amazec will start clinical trials of its device at Catharina Hospital in Eindhoven this year, with an expansion to three other hospitals planned in 2025 with the aim of beginning full scale production and sale across the EU in 2028.
KEY QUOTES:
“The number of people suffering from cardiovascular diseases has risen by 93% over the past 25 years and now impacts an estimated 550 million patients worldwide. Many of these people will die or suffer poor health outcomes because the tools we have to diagnose them simply aren’t good enough. Our solution can make a real difference because, not only does it vastly improve the accuracy of testing for cardiovascular disease, it is also much less invasive and simpler to use. This will substantially reduce costs and open the door to many more people being tested much more regularly.”
“With this funding round we will be able to build ten prototypes and undertake extensive clinical trials with the intention of producing and selling devices across the EU by 2028.”
- Pim Kat, CEO of Amazec Photonics
“Amazec has leveraged the power of photonics to create a device that can make a profound impact on the world. Cardiovascular disease is one of the biggest health challenges we face and better diagnosis can be the key to saving millions of lives.”
“We’re very proud to be a part of Amazec’s journey – we believe it has the capacity to become one of Europe’s most important medtechs and a standard bearer for a new generation of photonics-based technology.”
- Laurens Weers, CFO of PhotonDelta
