Scanning through the entries in the first issue for year 2006 of the Medical Blogging Grand Rounds, I found an entry on a novel medical gadget to measure blood sugar. Oculir Inc, which has devised a gadget that uses infrared-technology to scan the whites of the eyes, announced last month that ithas raised $7.3 million in a Series A preferred financing for the product.

"The founders of Oculir have combined the best wavelength region for measuring glucose, the Mid-IR, with a unique measurement site, the white of the eye, and protected it with a strong intellectual property position," noted Dr. Myles Greenberg, General Partner with CHL Medical Partners. "People with diabetes have been waiting for a true noninvasive glucose testing system for over 20 years, and we are eager to deliver such a system," Burd said.

Read more from DiabetesMine