Business

Cloudphysician: AI Based Health Startup Raises $10.5 Million

Cloudphysician, an AI health business, announced on Tuesday that it has raised $10.5 million in a Series A fundraising round led by Peak XV Partners, with Elevar Equity and venture debt firm Panthera Peak also participating.

The additional funding will go to advance the business’s operations and growth within India as well as its expansion into a number of established and new regions, including the US.

Additionally, the money will be used, according to the company, to develop the co-pilot aspects of its cutting-edge AI platform, RADAR, through data analysis.

Also Read: TRAI Urges Firms To Improv Mobile Apps, Web Portals To Restraint Junk Messages

Co-founders Dr Dhruv Joshi, and Dr Dileep Raman talked about future plan for the firm.  They, in an statement, said, “”We aim to scale our business and continue transforming critical care delivery in India and global markets. We remain committed to our vision of leveraging AI and advanced technology to ensure high-quality care is accessible to all, regardless of location.”

Cloudphysician is a full stack AI and operation company. It collaborates with hospitals to look manage patients in Emergency department and ICUs.

Mohit Bhatnagar, Managing Director at peak XV appreciated the initiative by Dhruv and Dileep. Calling it potential first in world, Bhatnagar said, “”They are building an India-first business which has the opportunity to become the world’s first independent, scaled-up business in this space.”

Dileep and Dhruv founded Cloudphysician in 2017. Currently it catering over 1 lakh patients across 23 states in partnership with over 200 hospitals.

Shibra Arshad

Recent Posts

Gautam Adani Hails Puri Lifeguards As Unsung Heroes During Rath Yatra Visit

Gautam Adani, Chairman of the Adani Group, visited Puri in Odisha during the annual Rath…

6 hours ago

Acharya Pramod Krishnam Slams Congress Over ‘Internal Emergency’ Allegation

Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…

6 hours ago

MRM Meeting: Pledge for Global Peace, Green India, De-addiction & Democratic Integrity

Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…

7 hours ago

India To Host 2029 World Police & Fire Games; Amit Shah Hails Global Recognition

India has been chosen to host the prestigious 2029 World Police and Fire Games in…

7 hours ago

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

9 hours ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

10 hours ago