Lands\u00adhut \/ Munich \u2014 Bayern Kapi\u00adtal, the venture capi\u00adtal company of the Free State of Bava\u00adria, is inves\u00adt\u00ading in Virto\u00adnomy as part of a seed finan\u00adcing round. The digi\u00adtal health startup is deve\u00adlo\u00adping an inno\u00adva\u00adtive, data\u00adbase-driven soft\u00adware-as-a-service (SaaS) solu\u00adtion for medi\u00adcal device manu\u00adfac\u00adtu\u00adr\u00aders. Manu\u00adfac\u00adtu\u00adr\u00aders can use Virto\u00adnomy to bring their products to market faster and more cost-effec\u00adtively by simu\u00adla\u00adting neces\u00adsary tests or studies on the compu\u00adter during deve\u00adlo\u00adp\u00adment. The lead inves\u00adtor in the seven-figure round is Dieter von Holtz\u00adbrinck Ventures. In addi\u00adtion to Bayern Kapi\u00adtal, the Initia\u00adtive for Indus\u00adtrial Inno\u00adva\u00adtors and Plug and Play have also inves\u00adted in the young company from Munich\u2019s WERK1.<\/p>\n
Conven\u00adtio\u00adnal appr\u00adoval proces\u00adses for medi\u00adcal devices are time-consum\u00ading and costly. They are also often linked to ethi\u00adcally ques\u00adtionable expe\u00adri\u00adments on animals, and later on, risky human trials are often requi\u00adred. The curr\u00adently more than 10 employees of Virto\u00adnomy GmbH have ther\u00ade\u00adfore set them\u00adsel\u00adves the goal of making these appr\u00adoval proces\u00adses faster, more cost-effec\u00adtive and safer. The company, foun\u00added in 2019 and based in Munich\u2019s WERK1, deve\u00adlops data\u00adbase-based simu\u00adla\u00adtion solu\u00adti\u00adons for this purpose. The idea comes from the auto\u00admo\u00adtive indus\u00adtry: instead of taking measu\u00adre\u00adments while driving, a large part of the test\u00ading is done virtually. This allows more tests in less time and with more itera\u00adti\u00adons. Virto\u00adnomy brings this prin\u00adci\u00adple to medi\u00adcal tech\u00adno\u00adlogy: The company builds virtual, custo\u00admizable anato\u00admies of human bodies. Manu\u00adfac\u00adtu\u00adr\u00aders of medi\u00adcal devices (for exam\u00adple, implants) can use Virto\u00adnomy to test their tech\u00adno\u00adlo\u00adgies on this virtual pati\u00adent at all stages of deve\u00adlo\u00adp\u00adment \u2014 from the concept phase to precli\u00adni\u00adcal evalua\u00adtion to long-term moni\u00adto\u00adring in wide\u00adspread pati\u00adent use. In this way, Virto\u00adnomy can help to reduce the deve\u00adlo\u00adp\u00adment time and costs of medi\u00adcal tech\u00adno\u00adlogy products. At the same time, thanks to the large number of tests perfor\u00admed virtually, a smal\u00adler number of animal and human tests are neces\u00adsary in further development.<\/p>\n
Virto\u00adnomy plans to invest the funds from the seed round in the further tech\u00adno\u00adlo\u00adgi\u00adcal deve\u00adlo\u00adp\u00adment of the product, the recruit\u00adment of addi\u00adtio\u00adnal employees and the expan\u00adsion of the constantly expan\u00adding database.<\/p>\n
\u201cFrom the begin\u00adning, we wanted to deve\u00adlop a solu\u00adtion that not only had econo\u00admic bene\u00adfits, but also social bene\u00adfits,\u201d explains Dr. Simon Sonn\u00adtag, CEO of Virto\u00adnomy. \u201cThe deve\u00adlo\u00adp\u00adment of new medi\u00adcal tech\u00adno\u00adlogy products conti\u00adnues to be parti\u00adcu\u00adlarly time-consum\u00ading and cost-inten\u00adsive. That\u2019s why young compa\u00adnies like us that want to make a diffe\u00adrence in this indus\u00adtry are also depen\u00addent on strong capi\u00adtal support during the start-up and growth phase. We are ther\u00ade\u00adfore deligh\u00adted to have attrac\u00adted a consor\u00adtium of indus\u00adtry-expe\u00adri\u00aden\u00adced inves\u00adtors to our vision in Dieter von Holtz\u00adbrinck Ventures, Bayern Kapi\u00adtal, Initia\u00adtive for Indus\u00adtrial Inno\u00adva\u00adtors and Plug and Play.\u201d<\/p>\n
Dr. Georg Ried, Mana\u00adging Direc\u00adtor of Bayern Kapi\u00adtal<\/strong>, says: \u201cIn the digi\u00adtiza\u00adtion of health\u00adcare, there is still enorm\u00adous poten\u00adtial for deve\u00adlo\u00adping inno\u00adva\u00adtive solu\u00adti\u00adons and buil\u00adding market leaders. Digi\u00adtal health start-ups are inte\u00adres\u00adt\u00ading for venture capi\u00adtal inves\u00adtors because their products usually offer calculable deve\u00adlo\u00adp\u00adment times and good scala\u00adbi\u00adlity. In addi\u00adtion, the appr\u00adoval process is some\u00adwhat easier than for medtech hard\u00adware. Virto\u00adnomy scores points in seve\u00adral ways with its inno\u00adva\u00adtive idea: a promi\u00adsing, scalable product with the poten\u00adtial to make the deve\u00adlo\u00adp\u00adment of medi\u00adcal devices more effi\u00adci\u00adent, faster and safer. We see enorm\u00adous growth poten\u00adtial here.\u201d<\/p>\n About Virto\u00adnomy<\/strong> About Bayern Kapital<\/strong> Lands\u00adhut \/ Munich \u2014 Bayern Kapi\u00adtal, the venture capi\u00adtal company of the Free State of Bava\u00adria, is inves\u00adt\u00ading in Virto\u00adnomy as part of a seed finan\u00adcing round. The digi\u00adtal health startup is deve\u00adlo\u00adping an inno\u00adva\u00adtive, data\u00ad\u00adbase-driven soft\u00ad\u00adware-as-a-service (SaaS) solu\u00adtion for medi\u00adcal device manu\u00adfac\u00adtu\u00adr\u00aders. Manu\u00adfac\u00adtu\u00adr\u00aders can use Virto\u00adnomy to bring their products to market faster and [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":37160,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1373],"tags":[],"class_list":["post-43468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-venture-capital-en","news-category-venture-capital-news"],"yoast_head":"\n
\nVirto\u00adnomy GmbH was foun\u00added in Decem\u00adber 2019 by Dr. Simon Sonn\u00adtag (CEO) and Wen-Yang Chu (CTO) in Munich, Germany. Virto\u00adnomy is deve\u00adlo\u00adping a cloud-based SaaS solu\u00adtion for digi\u00adtiz\u00ading the design and conduct of clini\u00adcal trials of medi\u00adcal devices using virtual pati\u00adents based on a high volume of imaging, physio\u00adlo\u00adgi\u00adcal and patho\u00adlo\u00adgi\u00adcal data. The over\u00adall goal here is to end animal and human test\u00ading in clini\u00adcal trials through the use of data-based virtual pati\u00adents. Virto\u00adnomy curr\u00adently employs about 10 people, combi\u00adning exper\u00adtise in medi\u00adcal engi\u00adnee\u00adring, medi\u00adcal image proces\u00adsing, arti\u00adfi\u00adcial intel\u00adli\u00adgence, nume\u00adri\u00adcal simu\u00adla\u00adtion and visua\u00adliza\u00adtion using exten\u00added reality. www.virtonomy.io<\/p>\n
\nBayern Kapi\u00adtal GmbH, based in Lands\u00adhut, was foun\u00added in 1995 as a wholly owned subsi\u00addiary of LfA F\u00f6rder\u00adbank Bayern on the initia\u00adtive of the Bava\u00adrian state govern\u00adment. As the venture capi\u00adtal company of the Free State of Bava\u00adria, Bayern Kapi\u00adtal provi\u00addes equity capi\u00adtal to the foun\u00adders of inno\u00adva\u00adtive high-tech compa\u00adnies and young, inno\u00adva\u00adtive tech\u00adno\u00adlogy compa\u00adnies in Bava\u00adria. Bayern Kapi\u00adtal curr\u00adently mana\u00adges twelve invest\u00adment funds with an invest\u00adment volume of around 500 million euros. To date, Bayern Kapi\u00adtal has inves\u00adted around 350 million euros of venture capi\u00adtal in around 290 inno\u00adva\u00adtive tech\u00adno\u00adlogy-orien\u00adted compa\u00adnies from a wide range of sectors, inclu\u00adding life scien\u00adces, soft\u00adware & IT, mate\u00adri\u00adals & new mate\u00adri\u00adals, nano\u00adtech\u00adno\u00adlogy and envi\u00adron\u00admen\u00adtal tech\u00adno\u00adlogy. As a result, more than 8,000 jobs have been perma\u00adnently crea\u00adted in Bava\u00adria in sustainable compa\u00adnies. www.bayernkapital.de<\/p>\n","protected":false},"excerpt":{"rendered":"