IDG Ventures India, a $150 million early-stage technology venture capital fund, and Erasmic Venture Fund have jointly invested $3.5 million in Perfint, a Chennai-headquartered healthcare devices start-up company, with its development labs in Mysore. Of the total investment, IDG Ventures has funded $3 million, while the rest has been funded by Erasmic. Perfint’s first product PIGA is a tool positioner for image-guided minimally invasive (IG-MI) procedures. This will support applications such as fine needle aspiration (FNA), biopsy and radio frequency ablation (RFA) for diagnosing cancer tumours in the lungs and abdomen. The product which is under test deployment at five leading hospitals in India, has done about 100 clinical trials and is set for launch in January next year, according to the company. Perfint was co-founded in October 2005 by S Nandakumar, B D Vijaya and a team of healthcare devices professionals who were previously working with GE Healthcare at its design, manufacturing and sourcing hub in India, in October 2005. […]