[Funding alert] Healthtech startup HBox raises $700K in seed funding

HBox.ai, a cloud-based, AI-driven, intuitive platform has raised USD 700K in Seed funding round from Arali Ventures, a Seed stage venture capital firm.

The healthtech startup plans to use the funds to increase its market penetration and build out its product stack.

The US based HBox was founded in 2020 by Banu Prasad Dhanakoti, It provides a SaaS-based remote patient monitoring platform and tools for healthcare professionals.

The startup has developed a digital platform that allows healthcare providers to remotely monitor patient health.

“Adoption of technology in healthcare is starting to disrupt the traditional care delivery models in the overall $3T US healthcare industry “, said, Banu Prasad Dhanakoti, Co-founder and CEO of HBox Inc.

Arali Ventures is a seed-stage venture capital company focused on investing in disruptive venture tech startups.

“The pandemic has been a big shot in-the-arm for digitization in the healthcare market. HBox, with its deep domain understanding of healthcare industry, unique GTM model and superior technology stack is very well-positioned to become the platform of choice to the fragmented primary and specialized care markets”, said, Arun Raghavan, Founding Partner of Arali Ventures.

Since 2019, Arali Ventures has invested in 12 seed-stage enterprise/B2B tech startups. After invest in Oivi, a Norwegian med-device company, its their second investment in the healthtech industry in HBox.

About HBox :

HBox is an end-to-end Virtual Care solution for Healthcare providers nationwide. They supercharge Revenue for clinics through a combination of hardware, software, and patient engagement services. HBox is a cloud-based, AI-driven, intuitive platform enveloped by a Care Concierge solution focused on plan adherence and improved outcome.