Bengaluru-based medical tech startup, SigTuple, has raised $5.8 Mn in Series A funding led by Accel Partners. The round also saw participation from IDG Ventures, Endiya Partners, pi Ventures, VH Capital, Axilor Partners, and other investors including Sachin Bansal, Binny Bansal, Amit Singhal (SVP Engineering, Uber), among others.
Founded in 2015 by Tathagato Rai Dastidar, Rohit Kumar Pandey and Apurv Anand, SigTuple aims to create a data driven, machine learned, cloud based solution for detection of abnormalities and trends in medical data, for disease diagnosis. The startup looks to revolutionise the global medical diagnostic space through data driven intelligence.
According to a company statement, SigTuple’s solutions will allow labs and hospitals to scale by implementing a hub and spoke model where the medical experts can operate from hub and devices can be installed in spokes.
Rohit Kumar Pandey, co-founder and CEO, SigTuple, said, “Our goal is to develop intelligent, scalable and affordable disease screening solutions which can empower medical experts and facilitate quality healthcare delivery to the masses. Our initial focus is on the solutions for the screening tests so that we can positively impact a larger population not only in India but globally”.
The startup will use the latest round of funding to expand the team, bullet-proof the platform and the product for user adoption followed by commercials, and regulatory clearances for global markets.
SigTuple has developed a continuous learning platform powered by AI for healthcare, ‘Manthana’. It allows SigTuple to ingest visual medical data from different devices and to train, validate and execute AI and ML powered models to classify various objects of interest, detect diseases and compute the metrics for reporting.
Currently, SigTuple is using Manthana to provide solutions for automated analysis of peripheral blood smear, urine and semen sample, retinal scans and chest x-rays.
Another solution by SigTuple, Shonit™, has already undergone three clinical trials. It will soon be available for user adoption. Other solutions are in advance stages of development.
Earlier in October 2015, it raised $740K in October 2015 from Sachin Bansal, Binny Bansal, Accel Partners, Ashok Bareja, Dr. Nirupa Bareja and Debanjan Mukherjee. SigTuple was also the second runner up at the startup challenge, IBM Smartcamp for Deeptech in India, held in December 2016.