Endimension raises Rs 2.3 Cr from Inflection Point Ventures
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
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.
For publishing an advertorial article about your company on our website, drop an email at email@example.com