HealthTech Startup Dozee Gets $6 Mn In Series A2 Funding
Dozee raises money to invest in R&D. During the course of two years, the business also intends to work with 2,000 hospitals in more than 100 districts.
Dozee, a company that offers AI-based early warning systems and contactless remote patient monitoring, has raised $6 million in a Series A2 fundraising round.
A mix of new and old investors, including State Bank of India, J&A Partners Family office, and Dinesh Mody Investments, contributed to the investment.
Dozee, based in Bangalore, intends to use the cash to increase its presence in the Indian market, look into international opportunities, and strengthen its R&D capabilities.
The Contactless Vital Signs Measurement system, the company’s main product, just gained US FDA 510(k) clearance and complies with all applicable international standards for medical devices and algorithms.
Mudit Dandwate, CEO & Co-Founder of Dozee, stated, “We want to access over 2,000 hospitals in more than 100 districts in the next two years to increase the quality of critical care facilities in India.
“The company’s ambition to expand its reach to every nook and cranny of the country” is reflected in the current Series A2 financing.
Dozee already has a presence in more than 380 hospitals spread over over 50 regions. It most recently worked with British International Investment, a development finance organization and impact investor with headquarters in the UK, to connect 6,000 hospital beds in roughly 140 public hospitals across India and other regions with their technology.
With the use of Dozee’s technology, medical professionals may remotely monitor patients’ vital signs and spot patterns using its early warning system, enabling prompt medical action.
It embeds sensors under the mattress to record, without physical touch, the minute vibrations caused by each heartbeat, respiratory cycle, tremor, seizure, and change in posture.
Dozee is a company that produces technology that automates patient monitoring. It was founded in 2015 by IIT grads Mudit Dandwate and Gaurav Parchani. It promises to cut daily nursing time per patient by over 2.5 hours.
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