Hyderabad-based Aayuv Technologies Pvt Ltd, has raised an undisclosed amount of funding from BitChemy Ventures. In addition to expanding its data scientists team, the company plans to use the funds to enhance its platform and recommendation engine.
Founded early this year, Aayuv technologies is the company behind online platform eKincare that allows users to monitor their critical medical information anywhere, anytime.The founder, Kalakuntla, is an alumnus of Duke University and has previously worked at companies including AT&T, Alltel, Maureil Patent Practice, and NetCentrics.
Focused on personalised, preventive and predictive healthcare, eKincare besides updating profiles with medical results gathered from various healthcare service providers, also helps alarm the users about potential health risks, motivating them to take necessary preventive steps.
Started in 2012, BitChemy Ventures is a seed fund-cum-tech incubator that invests in tech startups by analysing the technology landscape. BitChemy, which invests around $0.3Mn in every startup, has plans of making investments in half a dozen startups in 2015.
Last December, BitChemy had invested $6 Mn in three startups—3LOQ Labs, Cafyne Inc and Altiux Innovations.