Healthtech Startup Confido Pockets $3 Mn To Fuel Its AI Stack

SUMMARY

The round also saw participation from MedMountain Ventures, Rebellion VC, DeVC, Operators Studio and a host of other healthcare operators

Confido Health assists healthcare providers in minimising administrative tasks using AI-driven automation

The platform enables AI workers to manage tasks such as appointment scheduling, insurance verification, and care coordination

Healthtech startup Confido Health has secured $3 Mn (around INR 25.5 Cr) in its seed funding round led by Together Fund.

The round also saw participation from MedMountain Ventures, Rebellion VC, DeVC, Operators Studio and a host of other healthcare operators.

The startup plans to use the fresh capital to improve its AI tech stack and broaden its reach across specialties such as surgery, orthopedics, dental and pediatrics.

Besides, it also plans to scale up growth by fostering enterprise partnerships.

Founded in 2022, by Chetan Reddy and Vichar Shroff, Confido Health assists healthcare providers in minimising administrative tasks using AI-driven automation.

The platform enables AI workers to manage tasks such as appointment scheduling, insurance verification, and care coordination. These digital workers integrate with existing healthcare systems in less than five minutes through no-code deployment, providing seamless end-to-end task automation.

“When building Confido Health, we focused on what healthcare providers truly need: tools that don’t just automate tasks but take on the operational burden entirely,” said Reddy.

It claims to serve customers in more than 50 locations reaching over 50,000 patients monthly.

The development comes at a time when a number of healthtech startups have seen a host of funding activities lately.

For instance, in October, Bengaluru-based healthtech startup Healthify (formerly HealthifyMe) raised an additional $20 Mn to close its Pre-Series D round at $45 Mn.

In September, medtech startup Qure.ai reportedly raised $65 Mn (INR 543 Cr) in a Series D funding round co-led by Lightspeed Venture Partners and 360 ONE Asset Management.

In August, medtech startup SigTuple raised $4 Mn (over INR 33.5 Cr) in an extended Series C funding round led by Sidbi Venture Capital to ramp up its product portfolio and expansion efforts.

In the same month, online healthcare service provider Visit Health secured INR 250 Cr (nearly $29.8 Mn) from PB Fintech’s arm, Docprime Technologies, through a mix of capital infusion and secondary share purchase.

Meanwhile, healthtech unicorn Innovaccer was in talks with the US-based health and insurance major Kaiser Permanente to raise a funding in the range of $200 Mn-$250 Mn, in a mix of primary and secondary capital.

According to Inc42’s ‘The State Of Indian Startup Ecosystem Report‘, healthtech startups raised a little over $7 Bn between 2014 and H1 2024 in 886 deals.