A Bengaluru-based healthtech startup has developed a pre-Series A round of undisclosed amount of funds led by ITI Growth Opportunities Fund with participation from existing investors pi Ventures and other angel investors.
The startup aims to help in early detection and prevention of medical episodes to patients in hospitals, during transport, and at home.
According to the startup — ten3T Healthcare, it will use the investment to expand its product Cicer, a clinical grade wearable working on proprietary IoT tech and predictive analytics to offer alerts on impending events before they actually occur.
Over 10,000 patient hours of monitoring at hospitals and at home “have already been completed using Cicer, covering more than 750 hospital beds” the startup stated.
The Cicer patch is a palm sized sticker that continuously measures a patient’s vitals and presents the data to physician smartphones in “as low as four seconds”.
The real-time data is fed into machine learning algorithms that identify patterns in the patient’s vital signs and send timely lifesaving alerts.
Also speaking on the occasion, Rahul Shingrani, co-founder and CEO, ten3T, said, “Technology allows us to monitor patients anywhere and everywhere, and advances in AI enables us to pick up subtle patterns in the patient’s vitals data. For every prevented episode, we can minimise the lifelong consequences to a patient and their family.”
It’s an “emerging space and we believe that a product like Cicer can open up several interesting applications in Drug Trials, Up/ Down ICUs, home monitoring, monitoring on the move like in ambulances and others”, Manish Singhal, founding partner, pi Ventures, added on the occasion.
We believe, Mohit Gulati, founding partner, ITI, said, in “a country like India, adoption and usage of any medical device increases with ease of use of the device and its affordability. ten3T has ticked all boxes and we hope to soon see it in every hospital and patient’s homes”.
ten3T was also recently chosen by Google to be among the top machine learning startups in India.