Robotic neuro-rehabilitation startup Rymo Technologies has successfully raised Rs 10 crore in a seed funding round, with IAN Group leading the investment alongside other angel investors. This capital will be used to drive product innovation, expand manufacturing capabilities, and strengthen the company’s presence in India and international markets like ASEAN and the Middle East.
Established in 2020 by Chirag Shah and Abhishek Rai, Rymo Technologies specializes in healthcare technology aimed at revolutionizing physical rehabilitation using advanced robotics, virtual reality, and artificial intelligence. Their flagship product, the Mobi-L system, offers innovative, accessible, and cost-effective solutions to aid individuals in recovering from strokes, injuries, and neurological conditions, facilitating mobility and independence restoration.
The Mumbai-based startup addresses a critical need in neuro-rehabilitation, bridging the gap exacerbated by the increasing global incidence of strokes and neurological disorders, coupled with limited access to advanced rehabilitation due to therapist shortages and the high expense of robotic systems.
Rymo has developed a sophisticated technology framework integrating patented hardware architecture, proprietary algorithms trained on patient data, and a modular system design. Their multi-joint robotic rehabilitation system, enhanced with AI-based therapy personalization, aims to deliver quantifiable recovery outcomes.
The company boasts a strong presence in the healthcare sector, with over 452 device installations and 354 clinical customers, including prestigious institutions like AIIMS, Apollo Hospitals, and Manipal Hospitals. Rymo’s systems have benefited over 7,500 patients, delivering 15,000 therapy hours and demonstrating improved recovery rates.
Source: Entrackr : Latest Posts