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.