Cloudphysician Healthcare, a healthtech startup, has secured $10.5 million in a Series A round led by Peak XV Partners.
The capital will be utilized to accelerate Cloudphysician’s growth and operations in India, as well as to further expand into a variety of established and emerging markets, including the United States. Additionally, it will be employed to improve the co-pilot features of the startup’s innovative AI platform, RADAR, through the utilisation of data.
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Cloudphysician has now expanded its partnership to include more than 200 hospitals in 23 states of the country, providing care for more than 1 lakh patients.
Cloudphysician is a full-stack AI and operations company that collaborates with hospitals to oversee patients in their emergency departments and intensive care units.
The startup had previously secured $4 million in a pre-Series A round from Elevar Equity in 2021.
Mohit Bhatnagar, Managing Director, Peak XV, said: “Diseases with high severity in India such as cancer and heart disease are routinely cared for in Cloudphysician Smart-ICUs. Its digital Care Center platform is leveraging AI to empower ICUs across 200+ hospitals to provide super specialized and tailored care with 24/7 monitoring”
Dhruv Joshi and Dileep Raman, Founders, Cloudphysician, said: “We are excited to partner with Peak XV Partners and continue our partnership with Elevar Equity as we create a new model of critical care at a global scale,”
About Cloudphysician
Founded in 2017 by Dhruv Joshi and Dileep Raman, Cloudphysician is a healthcare company reimagining the delivery of critical care via Smart-ICU solutions.Â
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