BENGALURU: Medical diagnostics platform 5C Community (India) Pvt. Ltd. on Tuesday secured about $4.6 million in a Sequence A funding spherical, led by enterprise capital agency Celesta Capital, with participation from present traders together with Unitus Ventures, Axilor Ventures, the startup mentioned in a launch.
Angel traders together with Ajay Gupta, Rohit Razdan, and Shiv Tallam additionally participated within the financing spherical.
This fundraising comes after Tata 1mg, in March, made a strategic funding within the Bengaluru-based startup for an undisclosed quantity.
“We’re constructing the world’s greatest AI-powered diagnostic reporting platform, Prodigi, and growing the neatest algorithms to route each scan to one of the best certified, accessible radiologist on-line. We anticipate this to scale considerably over the approaching quarters,” mentioned Kalyan Sivasailam, the startup’s chief government officer.
He added that 5C Community is wanting to make use of the contemporary funds to widen its diagnostic clientele, ramp up expertise acquisition and constructing infrastructure for its knowledge science and scientific groups.
The medical diagnostics agency had secured $1.2 million in a pre-Sequence A funding spherical led by present traders Unitus Ventures and Axilor Ventures in December 2020. The corporate had mentioned it could deploy the funds to permit docs and sufferers make higher medical choices.
The startup’s main providing is its synthetic intelligence-driven platform, Prodogi, which 5C Community says, delivers radiological reviews to hospitals in over 300 Indian cities. It claims to have decreased the turnaround time for receiving diagnostic take a look at outcomes to about 39 minutes.
It additionally launched a studying platform, 5C Academy, to supply coaching to radiographers and radiologists. It’ll additionally supply certification to radiographers specialising in CT and MRI scans.
Based in 2016 by Sivasailam and Syed Ahmed, 5C Community permits customers to retailer, generate, and interpret radiology photos throughout India, and permits hospitals to generate greater returns on their radiology infrastructure by making radiologists accessible.
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