Vulcan Augmetics, a Vietnam-based robotic prosthetics firm, has on Monday announced that it has secured seed funding from Singapore-based venture capital firm Quest Ventures.
Vulcan Augmetics said in a statement that the firm envisions broadening its scope beyond prosthetics to encompass the full suite of wearable technologies, from diagnostic and health devices such as Fitbit to augmented reality (AR) and Virtual reality (VR) control systems.
“We are delighted to have received seed funding from Quest Ventures. Together with raiSE, they have demonstrated understanding and empathy for the problem we are solving and the vision to see how our technology can scale,” said Rafael Masters, Co-Founder and Chief Executive Officer of Vulcan Augmetics. According to him, they have been instrumental in securing early pilot programs.
“Vulcan Augmetics is a great example of addressing large and socially impactful issues with capital and technology,” said James Tan, Managing Partner at Quest Ventures.
“We are particularly concerned with ageing populations, and the quality of care that they will have. Affordable and high-performance robotic prosthetics will certainly improve independence, increase the quality of life, and decrease burden on caregivers and society-at-large,” he added.