Cycle Closes Seed Funding

Funding Rounds

▤ Summary

Cycle GmbH, a Hamburg, Germany-based developer of synchronization systems based on fiber-optic technology and ultra-short pulsed lasers, closed a seed financing round of undisclosed amount.Backers included High-Tech Gründerfonds (HTGF), business angel Tim Bode and the Innovationsstarter Fonds Hamburg (IFH).Founded in Spring 2015 by Dr Damian Barre and Prof. Franz Kärtner, Cycle has developed a synchronization process that allows high-profile research facilities to shoot “movies” of molecules, which enables better understanding of active substances on a molecular level, and impacts development of new medication to cure (until now) incurable diseases.The company was founded as a spin-off from the Deutsches Elektronen-Synchrotron – one of the world´s leading center for photon and molecular science, accelerator technology, and particle physics.The spin-off is supported by a Helmholtz Enterprise project of the Helmholtz Association as well as a InnoRampUp start-up project by the Hamburgische Investition- und Förderbank.

$ Funding

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Amount - Total raised
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Date March 1, 2016 Announcement date
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Investors IFB Innovationsstarter Lead investors
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Company http://www.cyclelasers.com Funded company

▥ Classifications

industries
InsurTech
applications
Anti Piracy

◇ AskAI Classifications

Labels
Scientific Instrument Software Fiber-Optic Timing Distribution Software Synchronization Software

▦ Linked Companies

Cycle
$1M to $5M