Penn spinout Avisi Technologies recently raised $4.06 million in a seed round led by Accanto Partners. The company was co-founded in 2017 by Penn students Rui Jing J., the company’s current CEO, and Brandon Kao and Adarsh Battu, who, at the time, were studying business and engineering together. The group developed the idea to use nanotechnology to improve how glaucoma is treated, and are prior winners of Penn’s Y-Prize and the President’s Innovation Prize based at the Pennovation Center.
Jiang noted that the investment funds will be used to help carry out the company’s clinical development of their lead product VisiPlate and to support additional company-led research and development activities. Read more here.