Artificial Intelligence based MedTech startup – SigTuple has raised $5.8 Million of Series A Funding from Accel Ventures along with the help of IDG Ventures, Endiya Partners, pi Ventures, VH Capital and Axilor Partners. Other prominent investors include big names like Amit Singhal, Senior Vice President at Uber; Neeraj Arora; Kris Gopalakrishnan from Axilor Ventures and S D Shibulal.
Previously, SigTuple raised $740K as seed funding from Flipkart founders Sachin Bansal and Binny Bansal; Accel Ventures; Ashok Bareja; Dr. Nirupa Bareja and Debanjan Mukherjee. The startup will use their fresh funds for expanding the team, securing the product and developing the platform with the help of commercials and global expansion.
The Bangalore-based startup was founded in 2015 by Rohit Pandey, Apurva Anand and Tathagato Dastidar. SigTuple builds intelligent solutions for medical diagnosis using state of the art machine learning techniques. The platform also exposes an interface for medical experts to get feedback and annotations which enable continuous learning with new and changing visual medical data.
Rohit Kumar Pandey, Co-founder, and CEO, SigTuple, says: “Our goal is to develop intelligent, scalable and affordable disease screening solutions which can empower medical experts and facilitate quality health care delivery to the masses. Our initial focus is on the solutions for the screening tests so that we can positively impact a larger population not only in India but globally.”
The startup quotes their flagship model as ‘Manthana’ which is a continuous learning platform powered by AI (Artificial Intelligence). It allows SigTuple to ingest visual medical data from different devices and build a longitudinal memory. It provides solutions for automated analysis of peripheral blood smear, urine and semen samples, retinal scans and chest x-rays. The name ‘Manthana’ is derived from an Indian mythology event – Samudra Manthana.
Currently, SigTuple is working with hospitals, labs and a group of medical experts in various fields to develop medically based solutions with the help of AI. The startup is also implementing a hub-and-spoke model where medical experts can operate from the hubs. Read more startup news.