CAMBRIDGE, Mass.--(BUSINESS WIRE)--Lantos Technologies, Inc. today announced it has closed on $1.6 million in a Series A financing. Catalyst Health Ventures led the round, which was joined by additional investors Excel Venture Management and Mass Medical Angels. Lantos' novel 3D imaging technology provides fast, accurate and minimally invasive digital mapping of the human ear canal, enabling the development of comfortable, custom fit audio devices such as hearing aids, earphones and noise-canceling devices.
"Lantos is primed to revolutionize the way people experience hearing aids and custom devices for ears," said Shahid Azim, CEO of Lantos Technologies. "We are fortunate to have a strong, experienced team and financial backing from a solid group of venture partners. The Series A financing will be used to complete product development and enable the market for all types of extended wear hearing devices with a more natural fit."
"Lantos' breakthrough imaging technology has the potential to greatly enhance the performance of in-ear communication devices in multiple markets. The technology, which enables precise fitting of hearing devices to the dimensions of the ear canal, promises to provide huge benefits to millions of people suffering from hearing loss, and also opens up new market opportunities in customized user interface for many everyday devices. Catalyst is thrilled to lead this financing and to help bring this exciting product to market," said Darshana Zaveri, Principal at Catalyst Health Ventures.