SigTuple, a medical technology business that focuses on digital microscopy solutions driven by artificial intelligence (AI), has secured Rs 33 crore ($4 million) in an expanded series C fundraising round. The transaction was led by Sidbi Venture Capital.
Additionally, the round saw involvement from current investors, such as Endiya Partners, among others.
the recently acquired funds would be used to facilitate the company’s ambitions for expanding into new geographical areas, diversifying its product range, and obtaining necessary regulatory approvals.
The corporation has already extended its operations into Southeast Asia, the Middle East, and North Africa, and intends to penetrate the European and American markets in the future. The flagship product of the company, AI100, obtained 510(k) clearance from the US Food and Drug Administration (FDA) in September 2023.
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SigTuple employs artificial intelligence and robotics to automate the process of human microscopic reviews. The company’s equipment utilizes a camera lens to collect high-resolution photos of sick samples, which are subsequently analyzed by artificial intelligence. Experts receive the data through a platform that is based on cloud technology, which makes the diagnostic process more efficient.
SigTuple has recently launched its latest gadget, AS76, which has the ability to analyze a wide range of sample types, such as tissue, sputum, blood, and urine.
About SigTuple
Founded in 2015 by Tathagato Rai Dastidar, SigTuple combines the power of microfluidics, robotics, artificial intelligence (AI) and cloud computing to create smart diagnostic solutions which make quality healthcare delivery affordable and accessible.
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