Urology diagnostics maker MedicaMetrix Inc. landed a $66,950 grant under the Medical Device Development Center’s "fast-lane" program to continue the development of its ProstaGlove for low cost detection of prostate cancer.
The grant was supported by the Massachusetts Technology Collaborative’s John Adams Innovation Institute.
Here’s a roundup of the latest dealflow and investment news:
Zeo Inc. raised $1 million of a proposed $1.5 million debt financing round.
The company, formerly known as Axon Labs, opened the round July 30, with three investors participating, according to a Securities & Exchange Commission filing.
How sleep startup Zeo started counting Zs: When an alarm clocks wakes you up during the wrong sleep stage, you wake up feeling groggy. If the alarm clock happens to wake you during the right sleep stage, however, you awake feeling refreshed. Zeo co-founder and chief technology officer Ben Rubin cites that “powerful idea” as the genesis of Zeo’s “smart alarm clock,” which monitors sleep patterns and helps users wake up at optimal times.