BrainSightAI Bags $5 Mn Led By IAN Alpha Fund

SUMMARY

BrainSightAI secured $5 Mn (around INR 43 Cr) in a Pre-Series A funding round led by IAN Alpha Fund, with participation from IvyCap Ventures, Silver Needle, and its existing investors

With the newly raised capital, it plans to expand BrainSightAI’s presence in India, increasing its reach in Tier I cities while also extending to Tier II cities

The Bengaluru-based company also plans to pursue FDA certification, opening access to the US and allied markets

Deeptech neuroscience startup BrainSightAI has secured $5 Mn (around INR 43 Cr) in a Pre-Series A funding round led by IAN Alpha Fund.

The funding round also saw participation from IvyCap Ventures, Silver Needle, apart from the company’s existing investors.

With the newly raised capital, the startup said that it is planning to expand BrainSightAI’s presence in India, increasing its reach in Tier I cities while also extending to Tier II cities.

The Bengaluru-based company also plans to pursue FDA certification, opening access to the US and allied markets. Additionally, BrainSightAI is gearing up to explore opportunities in Africa and Southeast Asia.

The funds will further aid in the research and development for a caregiver-focused app, aimed at empowering families of patients with brain disorders.

Founded in 2019 by Laina Emmanuel and Rimjhim Agrawal, BrainSightAI was formed with a vision to democratise advanced brain care. The company currently provides two AI based solutions, Voxelbox and Snowdrop.

Voxelbox is a platform that provides medical practitioners with access to a functional magnetic resonance imaging (fMRI) processing engine and ML models for generating reports to aid clinical decision making, while Snowdrop is an app that enables compliance with treatment schedule and build patient profile.

“We are very excited by the potential of connectomics to advance personalized brain care for patients and I believe in the long run, for everybody. We are excited to bring on board such stellar investors who believe in our mission, and will help us build for the world from India,” Emmanuel said.

This development comes at a time when India’s technology ecosystem is maturing, with homegrown deeptech startups have begun to gain the likes of investors across sectors such as healthcare, biosciences, clean energy and space.

Notably, of the $8.7 Bn+ worth funding launched for Indian startups in 2024, deeptech sector netted 10.4%.

For instance, two weeks ago, Delhi NCR-based deeptech startup Proxgy secured fresh capital from Indian cricketer Anjikya Rahane as part of its ongoing $3 Mn (around INR 25.6 Cr) Series A funding round.