An undisclosed sum has been raised in a pre-Series A funding round by the Chennai-based health tech startup LifeSigns iMS (a brand by LS Devices Pvt. Ltd.), which is creating a digital wireless patient monitoring solution platform.
Investors took part in the round, including Dr. SP Ganesan, a renowned pathologist from Chennai with more than 40 years of experience. The money raised will be put to use expanding the iMS platform throughout India, as per reported by Indianweb2.
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“We have been assisting hospitals become smarter, more technologically advanced, with leaner infrastructure and at lower costs. As we continue to develop technologies that help in improving clinical outcomes, lesser code blues/oranges, better patient safety, and drive positive change in the healthcare segment. We remain committed to innovation and excellence. The new fund entering the system will allow us to work more on technology and Human Resource to enhance the user experience, bring more efficiency in clinical data delivery, lower infrastructure spend, bring down cost of healthcare benefitting the patient and providers ” says Hari Subramaniam, Founder & Director LS Devices Pvt. Ltd.
LifeSigns monitors patients in hospitals, homes, and ambulances. LifeSigns provides affordable, clinical-grade patient vital data to healthcare professionals 24/7.
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“The global medical and wellness industry is a $1.5 trillion market growing steadily at 5-10% annually, with the Indian market contributing to it at an exponentially increasing rate. Our investment in LS Devices Pvt Ltd. reflects our confidence that Remote Patient Monitoring. Technology is now accessible to all, and that improving patient care is our top priority. LifeSigns’ rapid growth rate over the last 12 months is recognition, and expanding from in-hospital care to home care and ambulance monitoring is the first step towards improving patient safety and outcomes. With the government enacting new policies and laying out a road map for healthtech firms, we are assured that this association will bear fruit for the masses” added Dr. SP Ganesan.
About LifeSigns iMS
With an exclusive set of 21 USA patents, LifeSigns is the first company to introduce cutting-edge remote monitoring solutions to India. For use in hospitals, ambulance care, and home monitoring, a wireless, multi-patient, multi-parameter remote monitoring solution.
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