Inito, a Bengaluru-based medical technology startup founded in 2015, has successfully raised $6 million in a Series A funding round, with Fireside Ventures leading the investment. The startup focuses on developing tools for individuals to actively manage and comprehend their health at home. Its flagship product, the Fertility Monitor, is a home test designed to assist women in tracking fertility hormones, providing personalized analytics on reproductive health.
The funding will propel Inito’s global expansion efforts for its hormone test, advanced AI analytics, and the research and development of new tests. In the long term, Inito envisions offering diagnostic tests for various health concerns through a smartphone-based platform.
Inito’s co-founders, Aayush Rai and Varun AV, expressed their vision for Inito to become a household presence, comparable to a thermometer. They acknowledged Fireside Ventures not only for providing crucial financial support but also for offering valuable mentorship and strategic guidance.
VS Kannan Sitaram, Partner and Co-founder at Fireside Ventures, emphasized that this investment marks a pivotal moment in Inito’s journey, highlighting its dedication to revolutionizing the diagnostics industry and delivering valuable solutions globally. Since its launch in 2015, Inito, backed by investors including Y Combinator, physicians, and family offices, has reported over 10,000 pregnancies and conducted more than 2.5 million tests after five years of research and development.
That’s fantastic news! Inito has also been making waves in the medical technology field. They recently raised an impressive $6 million in funding, which will help them expand globally and develop new diagnostic tests. Sending my best wishes to the Inito team!
~ Dr Shishir Gupta founder & CEO of StartupLanes
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