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Health Tech Startup Attune Technologies Raises $10 Mn From Qualcomm & Norwest

Health Tech Startup Attune Technologies Raises $10 Mn From Qualcomm & Norwest

Chennai-based healthcare technology startup, Attune Technologies, has raised $10 Mn (INR 64 Cr) in Series B round of funding from Qualcomm Ventures and its existing investor Norwest Venture Partners.

The company plans to use the raised capital in expanding its operations in India and accelerate its growth into international markets like Africa, West Asia and South-East Asia.

Earlier in May this year, Arvind Kumar, founder and CEO of Attune Technologies, had stated that the company was in talks with few investors to raise around $15 Mn in its second round of funding.

Started in 2008, Attune is a healthcare technology company that delivers an integrated cloud-based platform for healthcare delivery organizations. It has a software platform that interfaces equipment such as lab analysers and ICU machines to absorb diagnostic labs, clinics and hospitals into the health network.

It presently interfaces with over 1100 devices, and offers a cloud-based platform to over 200 hospitals, laboratories and clinics through 2500 centers with over 10 million patient records in India.

According to Arvind Kumar, “Healthcare in India is constantly evolving and many organisations are adopting global best practices that can enhance the quality of healthcare delivery in India. Technology is at the core of what we do at Attune. We are constantly upgrading our technology and innovating new solutions to make healthcare affordable, seamless and efficient for the entire healthcare value chain.”

With the new funds, Attune aims to revolutionise healthcare by offering its software solution to 25,000 hospitals and labs across the globe in the next three years.

Prior to this, the company had raised $6 Mn in its Series A round of funding from Norwest Venture Partners and $1 Mn from Singapore-based Angel Investors.

Besides, last week, Attune was awarded the Frost & Sullivan healthcare IT services emerging company of the year 2015.

The investment also marks Qualcomm’s first pick from its $150 Mn strategic fund that it had set aside for Indian startups during Prime Minister Narendra Modi’s visit to the Silicon Valley.

Qualcomm Ventures has invested in more than 20 Indian startups since 2007 as part of its global portfolio, across ecommerce, healthcare, location based services and retail technology domains.

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