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Healthtech Startup Sigtuple Raises Rs 34.5 Crore In Funding From Endiya Partners, Accel

Healthtech Startup Sigtuple Raises Rs 34.5 Crore In Funding From Endiya Partners, Accel

03/01/23, 10:27 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgbangalore
Money raised
₹345 million
Industry
medical device
medical
biotechnology
health care
Round Type
seed
Healthcare startup SigTuple has raised Rs 34.5 crore in funding led by existing investors Endiya Partners and Accel, with participation from a few strategic leaders from the healthcare sector.The startup will use the capital to drive geographical expansion, expand its product portfolio and support regulatory clearances.SigTuple has raised about $40.8 million in funding so far, and is backed by the likes of Accel Partners, Chiratae Ventures, Pi Ventures and Flipkart co-founder Binny Bansal.“The last one year has been truly transformative for the organisation, with major product improvements, new product additions and, most importantly, strong customer traction,” said SigTuple chief executive officer Tathagato Rai Dastidar.“While we continue to build on the success of AI100 in India, 2023 is the year SigTuple will go global - with expansions planned across key markets in Southeast Asia, Middle East and North Africa, North America and Europe.”Since 2020, the company has been focused on its core product, AI100, which automates the job of a pathologist by studying microscopic images of blood samples, interpreting them and issuing reports. The product, based on machine learning and artificial intelligence (AI), is being used by diagnostic laboratories and hospitals.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesRamesh Byrapaneni, managing director, Endiya Partners, said, “SigTuple is solving an important problem by combining state-of-the-art digitisation and AI technology for peripheral blood smears and urine samples, the two most common tests in pathology labs worldwide.”The company said it has onboarded two of the largest medical device distributors as channel partners for sales and service in India – Horiba Medical and Genworks Health – and it has expanded internationally to Indonesia. Partnerships and product launches are also planned in other countries.“SigTuple's digital solutions are at the forefront of innovation, and their dedication to enhancing patient outcomes is truly remarkable," said Barath Shankar Subramanian, partner at Accel.

Company Info

Company
SigTuple
Location
bangalore, karnataka, india
Additional Info
SigTuple combines the power of microfluidics, robotics, artificial intelligence (AI) and cloud computing to create smart diagnostic solutions which make quality healthcare delivery affordable and accessible. Since 2015, our efforts have been focused towards developing smart, automated solutions for basic, high volume diagnostic screening tests which improve the efficiency of doctors, enable tele-diagnostics and introduce a new paradigm of connected AI-powered solutions which remove the dependency on monolithic medical devices. Such next-generation solutions are not possible without an inclusive collaboration between top medical institutions, visionary medical specialists and expert computer scientists. Our advisors and partner institutions are key opinion leaders in their respective spheres and provide an inimitable edge to our efforts. Our in-house team of robotics experts, computer scientists and medical experts believe in redefining the boundaries of what’s possible today to enhance the healthcare experience for everyone tomorrow.

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