Robotic prosthetics firm Vulcan Augmetics raised Seed funding from Quest Ventures

The robotic prosthetics company Vulcan Augmetics, based in Vietnam, announced on Monday that it had received seed funding from Quest Ventures, a venture capital firm based in Singapore.

In a statement, Vulcan Augmetics stated that the company intends to expand its focus beyond prosthetics to include the entire range of wearable technologies, from augmented reality (AR) and virtual reality (VR) control systems to diagnostic and health devices like Fitbit.

“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.

He claims that they were crucial in getting early pilot programs.

“Making assistive technology accessible is a global challenge that will impact 2 billion people by 2030, and a huge opportunity for us to realise the potential of the disabled community,

“Vietnam has both the cost base for manufacturing, and the technical skills to deliver world beating machine learning software, and we are confident that from this starting base, Vulcan Augmetics will become the global expert in reading, harnessing and enhancing the human body,” he said.

Developer of biometric sensors and programmable modular robotic prosthetics, Vulcan Augmetics uses its own machine learning software.

Over 500,000 amputees live in Vietnam, out of an estimated 57 million worldwide, the statement claims.

The presence of unexploded ordnance, chronic illnesses, landmines left over from previous wars, and industrial accidents all contribute to the yearly influx of thousands of new recruits into the ranks, both in Vietnam and elsewhere in the world.

According to the statement, Vulcan Augmetics’ goal is to offer high-performance, low-cost sensor technology that digitizes the prosthetics manufacturing process and makes it available to underserved amputees in developing countries, allowing them to find employment and reclaim their independence.

“We look for deep tech yet highly scalable and investable companies that are solving meaningful problems,

“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.