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Altavo Closes €5M Series A Funding

Feb 20, 2024almost 2 years ago

Amount Raised

€5 Million

Round Type

series a

DresdenMedical Equipment Manufacturing

Investors

Tudag Tu Dresden AgSaxonia Systems HoldingHigh Tech Gründerfonds (Htgf)Tgfs Technologiegründerfonds SachsenBeteiligungsmanagement ThüringenNovalis BiotechOccident

Description

Altavo, a Dresden and Jena, Germany-based AI-based voice rehabilitation company, raised €5M in Series A funding. The company intends to use the funds to accelerate growth, product development, the pivotal clinical trial, and internationalization.

Company Information

Company

Altavo

Location

Dresden, Saxony, Germany

About

Altavo, the artificial voice company. We are a medical device startup based in Dresden, Germany. Our guiding star: harnessing the power of machine learning and state-of-the-art sensor technology to improve the lives of people who have lost their voice. The first group to benefit will be patients who have lost their voice box because of tumor surgery, a procedure known as laryngectomy. But there are many more potential applications of our technology, both in speech rehabilitation and in non-medical fields. We come from different fields: medical device development & marketing, artificial intelligence, RF engineering, signal processing, linguistics & speech therapy, regulatory affairs, and quality management. We share one passion: to turn state-of-the-art technologies into products that improve patients’ quality of life.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers