Zoho invests $ 5 million for a 25 percent stake in MRI technology startup Voxelgrids

Zoho is investing US $ 5 million for a 25% stake in MRI technology startup Voxelgrids

Zoho Corp. has invested $ 5 million in a 25 percent stake in Voxelgrids, a Bengaluru-based startup that makes magnetic resonance imaging (MRI) scanners.

The investment, which will be made in two tranches over the next two years, is designed to promote the development of deep technological capabilities and intellectual property (IP) in the country.

Run by Dr. Arjun Arunachalam, Voxel has developed several technologies related to MRI scanners based on custom cryogenics and innovative electronic design and seeks to monetize these through OEM partnerships with other vendors in the field.

Read More Zoho is investing $ 5 million in a 25 percent stake in MRI technology startup Voxelgrids at Trickypedia.

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