Health Tech Startup Cloudphysician Raises $11M for Global Growth

By Sunil Sonkar
2 Min Read
Indian Health Tech Startup Cloudphysician Raises $11M for Global Growth

Indian health tech startup Cloudphysician specializes in ICU technology solutions and lately it has secured $10.5 million funding from a round led by Peak XV Partners. Some other prominent investors were Panthera Peak and Elevar Equity. The new capital is a significant milestone as it will help in expansion even in the international markets such as the United States, the Middle East and Southeast Asia.

Advertisement

Cloudphysician was founded in 2017 and since then has quickly become a key player in the health tech industry. Its flagship product is RADAR, which is a comprehensive smart ICU and emergency department system. RADAR uses artificial intelligence (AI) to enhance clinical documentation and patient care. In fact, it is equipped with four AI-powered assistants and these are AIRA for note-writing, HERA for automated document transcription, NETRA for computer vision, and SWARA for voice-to-text dictation. The tools help in streamlining workflows and improve the accuracy as well as efficiency of medical documentation.

RADAR simultaneously features a web and mobile-based collaboration platform to enable seamless communication between bedside and remote ICU teams. It supports push notifications, secure chat, video conferencing and high-definition video feeds as well to ensure coordinated care and real-time collaboration. Moreover, RADAR includes dashboards and analytical tools for care metrics, ensuring compliance and supporting research initiatives.

Cloudphysician’s technology is currently being used by about 230 hospitals across India and 90% of it are private institutions. There are more than 50,000 hospitals in India and the company aims to capture 10% of the market. The new funding will help in market expansion and also enhance AI co-pilot features of RADAR.

The growth of Cloudphysician reflects need for automation in the healthcare sector and specially for remote patient monitoring solutions.

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *