Dozee, a Bengaluru, India-based contactless remote patient monitoring (RPM) and an AI-based early warning system (EWS) raised $6 million in a Series A2 funding round.
The round was joined by its existing investors—Prime Venture Partners, 3one4 Capital, and YourNest VC; new investors, including the State Bank of India, J&A Partners Family, and Dinesh Mody Ventures, also participated in the round.
The latest funding will be used to begin its global expansion. It will also be used to further cement its presence across India and build new R&D capabilities.
"Dozee plans to further tap over 2,000 hospitals in more than 100 districts in the next two years to improve the quality of critical care facilities in India. The current Series A2 fundraise is a part of the company’s plan to further its reach to every nook and corner of the country and to begin the era of ‘Made in India’ products in the global market," CEO and co-founder Mudit Dandwate said in a statement.
Its US FDA-cleared flagship product, the Dozee Contactless Vital Signs Measurement System, is now being used in over 380 hospitals in India.
Meanwhile, Dozee is looking to add an AI-powered ECG patch to its RPM portfolio. It said that the technology will help detect arrhythmias and other early signs of cardiac deterioration, as well as feed live and continuous ECG data via the cloud and provide alerts to doctors.
Company: Turtle Shell Technologies Private Limited
Raised: $6.0M
Round: Series A2
Funding Month: April 2023
Lead Investors:
Additional Investors: Prime Venture Partners, 3one4 Capital, YourNest VC, State Bank of India, J&A Partners Family, and Dinesh Mody Ventures
Company Website: https://www.dozee.health/
Software Category: Patient Monitoring
About the Company: Dozee is an AI-based contactless Remote Patient Monitoring (RPM) and Early Warning System (EWS) for continuous patient monitoring. Its mission is to ensure that every hospital can provide a continuum of patient monitoring and enhance patient safety. Dozee enables healthcare workers to remotely monitor patients’ vital parameters, such as heart rate, respiration rate, blood pressure, blood oxygen saturation levels, temperature, and ECG. Supported by the Government of India through BIRAC, Dozee is on a path to steer the trajectory of the public and private healthcare ecosystems.
Source: https://www.mobihealthnews.com/news/asia/indian-rpm-startup-dozee-gets-6m-kickstart-global-expansion