Endimension Technology, a healthcare AI startup, has successfully raised INR 6 Crore in a Pre-Series A funding round led by Inflection Point Ventures. Other notable investors participating in this round include Sucseed Indovation, SINE IIT Bombay, and individual angel investors. Incubated at IIT Bombay, Endimension Technology is committed to leveraging AI technology in radiology to enable early and precise diagnosis for patients worldwide.
Fueling Growth and Innovation
The freshly secured funds will be allocated towards advancing AI research and development, expanding the team, and enhancing software capabilities. These strategic investments aim to reinforce Endimension’s market position, accelerate its growth trajectory, and establish the company as a frontrunner in the industry.
Endimension boasts a team of seasoned leaders with extensive experience in technology and artificial intelligence. Founder & CEO Bharadwaj Kss, an alumnus of IIT Madras and IIT Bombay, brings over a decade of expertise in Artificial Intelligence & Machine Learning. Co-founder & COO Apparao Mlv, with a bachelor’s degree from ICT Mumbai, contributes a decade of operational and marketing experience. Chief Technology Officer Karthik Kannegondla, holding degrees from IIT Madras, adds 10 years of software development prowess to the team.
Ivy Chin, Partner, Inflection Point Ventures says, “The Indian radio-diagnosis market, growing at a CAGR of 15%+ over the last decade, has got a lot of focus on equipment & infrastructure. The under-stated need is that of qualified professionals, i.e. radiologists, to manage this burgeoning demand. There has been growth across tier 1, 2 & 3 for equipment but the availability and prohibitive costs of trained radiologists exacerbates the problem of demand outstripping supply situation. Endimension focuses on leveraging AI to facilitate faster assessment and diagnosis, employing generative AI to streamline report generation and reduce the time required by radiologists. IPV is confident that this investment will contribute towards the betterment of the industry”.
Capitalizing on the Growing AI Market in Medical Imaging
The global AI market in medical imaging is poised for significant growth, with estimates suggesting it will reach USD 20.40 billion by 2029. Endimension is strategically positioned to tap into this growth, offering an end-to-end AI platform for radiology diagnosis. Known for its seamless integration, customizable options, and precise diagnostics capabilities, Endimension’s platform has processed over 1 million scans and is currently deployed in 400 hospitals and diagnostic centers globally.
Recognitions and Achievements
Endimension has garnered numerous accolades over the years, including selection by Google for Startup Accelerator Class 8 and recognition as one of the top 10 startups at the WhatsApp Incubator Programme. The startup has also received awards such as the Life Science Award at Asian Entrepreneurship Awards and emerged as winners at events like the SIDBI Investors Day and NASSCOM Healthcare Innovation Challenge. Additionally, Endimension has been supported and acknowledged by the Department of Biotechnology, Government of India.
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