# Panacea Medical Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/panacea-medical-technologies-pvt

- Industry: Medical Devices & Equipment
- Headquarters: Karnataka, India
- Website: https://www.panaceamedical.in/
- Total disclosed funding: $6.7M
- Latest round: Series C (Aug 22, 2019)
- Investors on record: 2

## About

Founded in 1999 and based in Bangalore, India, Panacea Medical Technologies Pvt. Ltd. manufactures medical equipment and provides solutions for cancer care. In 2002, the firm began the development of a 6MV linear accelerator. Subsequently, Bhabhatron was commissioned at The Advanced Centre for Treatment, Research and Education in Cancer (ACTREC) in 2005. Moreover, in 2008, the firm got ISO certified and commercialized its other product Imagin Simulator. Both of their products Bhabhatron II and Imagin got CE marked in 2009. Additionally, the firm got recognized as an R&D facility in 2011, and its linear accelerator got CE marked in 2019. In 2020, the firm set up its new manufacturing plant in Malur and started the operation in Indiana, USA. 

Panacea Medical Technologies Pvt. Ltd. provides cancer care solutions with its technologies and products including Bhabhatron MLC which is a Gamma Therapy Unit with MLC; Imagin which is a radiotherapy simulator with CBCT; Siddharth II which is an SBRT powered with stereotactic imaging; Bhabhatron 3 which is an IGRT based gamma therapy unit; and Impact which helps immobilization and patient positioning. Additionally, the firm also offers quality assurance services to clinicians.

## Funding rounds

- Series C, Aug 22, 2019, $1.9M — MegaDelta Capital
- Series B, Dec 27, 2013, $4.8M — New Enterprise Associates

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B
- MegaDelta Capital (https://capitalatlas.ai/funds/megadelta-capital) — Series C