Lately, a bunch of startups have emerged to serve with their products the healthcare industry in India. Endimension Technology is one of such names that deal in healthcare AI segment. It has successfully raised Rs 6 crore in a pre-Series A funding round. Inflection Point Ventures led the investment. Other backers included SucSeed Indovation, SINE IIT Bombay and individual angel investors. It is learned the fresh investment is to be used in expanding the research and development efforts, expanding the team too and enhance software capabilities.
The Indian healthcare landscape and particularly the radio-diagnosis sector have witnessed significant growth. The compound annual growth rate (CAGR) in the industry is more than 15% compared to the past decade. Even though the primary focus is on equipment and infrastructure, a serious shortage of qualified professionals, specifically radiologists, has been witnessed. Endimension Technology is looking ahead to address the gap with the use of artificial intelligence (AI). It will help in expediting assessment and diagnosis processes. It aims to streamline report generation and this will reduce the time required by radiologists to interpret the scans accurately.
Ivy Chin, a partner at Inflection Point Ventures, expressed confidence in investing in the startup. He emphasized on the potential of Endimension Technology to positively impact the industry. The fresh funding is to help them in enhancing the efficiency and accuracy of radiologists. This will ultimately benefit the patients by enabling quicker and more precise diagnoses.
Endimension Technology has earned a good name in the industry for its focus on providing early and precise disease diagnosis from radiology scans. Its AI platform improves the efficiency of radiologists and simultaneously enhances detection rates. It also ensures timely and accurate medical assessments. With the new funding, it is definitely well positioned to advance its technological capabilities further.