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Endimension raises Rs 2.3 Cr from Inflection Point Ventures

endimension funding

Endimension, a healthcare AI startup, announced that it has raised Rs 2.3 crore in a seed round from Inflection Point Ventures.

The IIT Bombay-incubated startup plans to use the freshly raised funds to hire talent for new product development, R&D and for supporting the sales team to fuel further growth.

The startup currently stands with a commendable in-house AI technology team and a consolidated experience of more than 35 years. The AI platform of the startup automatically detects abnormalities and diseases through AI algorithms from medical scans, to decrease patient misdiagnosis and improve Radiologists’ efficiency.

Commenting on the investment, Ankur Mittal, Co-founder, Inflection Point Ventures said, “Cutting edge technologies are being used in many complex treatments and surgeries. These are early days for the application of AI and ML at the diagnostic stage, not only in India but worldwide. Many companies are working on building intelligence for different body parts which shows the opportunity at play here. The use cases range from providing teleradiology services to medical institutions in the west to supporting lack of infrastructure in remote parts of India.”

“Shortage of good radiologists worldwide is another key driver. Endimension is building a unique GTM for the Indian market and has entered into a couple of interesting JVs in related areas in the west building additional valuation opportunities for its investors,” Ankur added.

Bharadwaj Kss, Founder and CEO of Endimension said, “There is a global shortage of radiologists leading to radiologist burnout and patient misdiagnosis. The number of medical images is increasing exponentially whereas radiologists are only growing linearly. We wanted to bridge this demand-supply gap using our Radiology AI Platform. Our AI platform improves radiologist efficiency and reduces patient misdiagnosis. The team at IPV believed in our cause and vision, and are supporting us with growth strategy and investment.”

Endimension seems to be transforming the healthcare segment with its innovative solutions. I believe the company will continue to impact several lives and reach new heights of success in the time to come. My best wishes to the team of Endimension.

Shishir Gupta, Founder and CEO, StartupLanes

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